Our previous attempt resulted in a paper by the same five authors, "Quantum information and accounting information: their salient features and conceptual applications," published in the July-August 2006 issue of the Journal of Accounting and Public Policy. We now extend the previous paper to...

GAAP mandates a variety of departures from historical cost valuation. We consider a simple model that produces corresponding variety, depending on prevailing regulatory objectives and economic conditions. The model entails entrepreneurial investment in an asset followed by private information...