Economics, Finance and Quantitative Analysis
- Investigates difficulties that arise in estimating expected litigation costs in an auditing game in the United States. Effect of effort level on certain and uncertain costs of performing the engagement; Frequency of observed fee offers below the total expected cost of an engagement; Institutional arrangements and damage-sharing regimes; Theoretical and behavioral predictions.
Federal Reserve Bank of Atlanta Working Paper
Ping, Zhang, Bryan K. Church, and Lucy F. Ackert. "Uncertain Litigation Cost and Seller Behavior: Evidence From an Auditing Game. " Working Paper Series (Federal Reserve Bank of Atlanta)17.2001.