now that the model has become an auto-nomous, unreflected item in international accounting standards and law allowing … "creative" accounting. There is no economial relation between the future value of an underlying and it's current volatility …

This paper offers a theoretical treatment of information disclosure through patenting. We consider a signaling model in …

signals, and toward reasoning through the implications of a failure to disclose. In equilibrium disclosure is incomplete, and … observers are unrealistically optimistic. Nevertheless, regulation requiring greater disclosure can reduce observers' belief … accuracies and welfare. A stronger tendency to neglect disclosed signals increases disclosure, whereas a stronger tendency to …

of a simultaneous equations structural model connecting macro and microeconomic (market) variables with accounting …

Instead of relying on accounting principles and illustrative accounting examples, this paper examines the rationale for …

Proper monetary accounting rules are: (1) Central Banks should conform to the practice of the US Federal Reserve to …

promising ones. To do so, I applied the Business Cycle Accounting procedure developed by V V Chari, Ellen R McGrattan and …