Numerous principal-agent situations of interest to accounting involve limited liability by the agent. We explore this issue when the outcome is mutually observable (MOC) and when it is not and the contract is based instead on the agent’s report (NCC). We find that when outcome is not observable, the effect of limited lia bility depends on the level of limited liability: when low – no effect; wh...

At the recent workshop on "Automated Resource Sharing on the ARPANET", considerable interest was expressed on the topic of network security. In particular, representatives of several sites felt that uncontrolled use of IMP DDT made access control mechanisms quite vulnerable to interception or tampering.* Individuals at the workshop seemed to be in general agreement that use of DDT should be muc...

cancer patients experience several stressors and emotional upheavals. fear of death, interruption of life plans, changes in body image and self-esteem, changes in social role and lifestyle are all important issues to be faced. moreover, depressive disorders may impact the course of the disease and compliance. the cost and prevalence, the impairment caused and the diagnostic and therapeutic unce...