Management control in the transfer pricing tax compliant multinational enterprise

This paper studies the impact of transfer pricing tax compliance on management control system (MCS) design and use within one multinational enterprise (MNE) which employed the same transfer prices for tax compliance and internal management purposes. Our analysis shows immediate effects of tax compliance on the design of organising controls with subsequent effects on planning, evaluating and rewarding controls which reveal a more coercive use of the MCS overall. We argue that modifications to the MCS cannot be understood without an appreciation of the MNEs’ fiscal transfer pricing compliance process

Estimation in the group action channel

We analyze the problem of estimating a signal from multiple measurements on a \mbox{group action channel} that linearly transforms a signal by a random group action followed by a fixed projection and additive Gaussian noise. This channel is motivated by applications such as multi-reference alignment and cryo-electron microscopy. We focus on the large noise regime prevalent in these applications. We give a lower bound on the mean square error (MSE) of any asymptotically unbiased estimator of the signal's orbit in terms of the signal's moment tensors, which implies that the MSE is bounded away from 0 when $N/\sigma^{2d}$ is bounded from above, where $N$ is the number of observations, $\sigma$ is the noise standard deviation, and $d$ is the so-called \mbox{moment order cutoff}. In contrast, the maximum likelihood estimator is shown to be consistent if $N /\sigma^{2d}$ diverges.Comment: 5 pages, conferenc

Stochastic flows in the Brownian web and net

Certain one-dimensional nearest-neighbor random walks in i.i.d. random space-time environments are known to have diffusive scaling limits. In the continuum limit, the random environment is represented by a `stochastic flow of kernels', which is a collection of random kernels that can be loosely interpreted as the transition probabilities of a Markov process in a random environment. The theory of stochastic flows of kernels was introduced by Le Jan and Raimond, who showed that each such flow is characterized by its n-point motions. We focus on a class of stochastic flows of kernels with Brownian n-point motions which, after their inventors, will be called Howitt-Warren flows. We give a graphical construction of general Howitt-Warren flows, where the underlying random environment takes on the form of a suitably marked Brownian web. Alternatively, we show that a special subclass of the Howitt-Warren flows can be constructed as random flows of mass in a Brownian net. Using these constructions, we prove some new results for the Howitt-Warren flows. In particular, we show that the kernels spread with a finite speed and have a locally finite support at deterministic times if and only if the flow is embeddable in a Brownian net. We show that the kernels are always purely atomic at deterministic times, but with the exception of a special subclass known as the erosion flows, exhibit random times when the kernels are purely non-atomic. We moreover prove ergodic statements for a class of measure-valued processes induced by the Howitt-Warren flows. Along the way, we also prove some new results for the Brownian web and net.Comment: Revised version. To appear in Memoirs of the American Mathematical Societ

Maturity, age and growth of Oreochromis karongae (Teleostei: cichlidae) in Lake Malawi and Lake Malombe

Size-at-50% maturity, age and growth, of Oreochromis (Nyasalapia) karongae (‘chambo’) in Lakes Malawi and Malombe were studied. Similar size-at-50% maturity and growth patterns were found for populations in Lake Malawi, but differences were observed for Lake Malombe populations, suggesting that current chambo fisheries management regulations, based on findings from the southern part of Lake Malawi, may be applicable to the central and southern parts of that lake, but not to Lake Malombe