Lin, Shengle; Pfeiffer, Glenn; Porter, David - Economic Science Institute (ESI), Argyros School of … - 2014
We examine the effect on asset mispricing of different accounting methods in an experimental asset market characterized by bubbles and crashes. In particular, we study three alternative asset value reporting treatments: (1) Fair Value (also known as Mark-to-Market – M2M), (2) Historical Cost...