Response to Miriam H. Baer, Confronting the Two Faces of Corporate Fraud
Professor Miriam Baer’s article, Confronting the Two Faces of Corporate Fraud, is an important contribution to the growing literature on self-control problems and criminal misconduct. Professor Baer is concerned with both time-consistent (TC) and time-inconsistent (TI) misconduct. One of the important contributions of Professor Baer’s article is its careful analysis of opportunistic misconduct, particularly in contexts in which actors may have TC preferences or varying degrees of preference for immediate gratification. A second contribution is its analysis of the costs and benefits of various mechanisms for deterring TC and TI opportunistic behavior.