We develop a sequential trade model of Iceberg order execution in a limit order book. The Iceberg-trader has the freedom to expose his trading intentions or (partially) shield the true order size against other market participants. Order exposure can cause drastic market reactions ("market...

In the real world, the theory of economic faces many obstacles in its analyses and interpretations. One of these problems is overlapping relationships between specific variables and difficulty of determining perfect formulation which contain all possible effect. Traditional statistics tools like...

The accounting theory formulated in Part I of this study posits that a set of accounting transactions is syntactically consistent and semantically complete if and only if it respects three accounting properties of economic events: independence, structural coupling, and compositionality. This...

Accounting is studied in this paper as an evolving artificial language that enables economic agents to manipulate symbolically networks of economic events. Expenditures, expenses, revenues, and cash flows are classes of processes, called actions, which affect the reservoirs of agents' economic...

The Greek version of this paper can be found at "https://ssrn.com/abstract=3293269" https://ssrn.com/abstract=3293269.Problem: The double-entry system of recording and reporting accounting information has been the most successful in the last 600 years, because it permitted the exact calculation...

The English version of this paper can be found at "http://ssrn.com/abstract=2654665" http://ssrn.com/abstract=2654665.Greek Abstract: Πρόβλημα: H θεωρία και η πρακτική του διπλογραφικού συστήματος καταγραφής και...

Greek Abstract: Πρόβλημα: Το διπλογραφικό σύστημα καταγραφής και επεξεργασίας της λογιστικής πληροφορίας υπήρξε το πλέον επιτυχές κατά τα προηγούμενα 500 χρόνια....

In this work we illustrate a simple logical framework serving the purpose of measuring value creation in a real-life solar photovoltaic project, funded with a lease contract, a loan contract and internal financing (i.e., withdrawal from liquid assets). We use the projected accounting data to...

The paper documents constructing a 2001 social accounting matrix for Tajikistan in order to develop a model of the country. As necessary and reliable statistics are difficult to obtain for compiling a social accounting matrix, alternative techniques and approaches have been used to extend,...

Celem artykułu jest próba systematyzacji ekonomicznych skutków eksploatacji gazu łupkowego, a także omówienie różnorodnych podejść metodycznych i narzędzi stosowanych w analizach dotyczących tego zagadnienia. Podstawą analizy jest przegląd literatury przedmiotu, dokonywany pod...