From a game theoretic point of view, fraudulent accounting to embellish the financial status of a firm and the use of …. Thus, we may see cycles of doping and clean sport, and cycles of fraudulent and honest accounting. Moreover, in some cases …

From a game-theoretic point of view, fraudulent accounting to embellish the financial status of a firm and the use of … fraudulent and honest accounting. Moreover, in some cases, high-ability players are more likely to commit fraud than low …

From a game theoretic point of view, fraudulent accounting to embellish the financial status of a firm and the use of …. Thus, we may see cycles of doping and clean sport, and cycles of fraudulent and honest accounting. Moreover, in some cases …

The fact that money, banking, and financial markets interact in important ways seems self-evident. The theoretical … for government money, where the terms of bank deposit contracts are constrained by the liquidity insurance available in …

This paper studies the validity of the Friedman rule in a search model with divisible money and divisible goods in … the one emphasized in the labor-market literature. Buyers cannot obtain the full return that an additional unit of money … provides to the match, which makes the purchasing power of money inefficiently low in equilibrium. Consequently, even though …

: double-coincidence frictions and information frictions. For both types of frictions, money enlarges the sets of incentive …-feasible if the real stock of money is sufficiently high. In contrast, in environements with information frictions, the first …-best allocation is never incentivefeasible regardless of the real stock of money. These results highlight a fundamental difference …

We construct a tractable model of divisible money and equilibrium heterogeneity in money balances and prices. We do so … by considering randomized monetary trades in a standard search-theoretic model of money where agents can hold multiple … observed in numerically simulated economies with fully divisible money and price heterogeneity. …