In summary, when we avoid the temptation to assume the ceteris paribus opener, and allow for systematic differences in the characteristics of LIFO and FIFO firms, we can view this paper in a different light. Rather that presenting anomalous or puzzling findings, it instead provides evidence of...

Twenty years ago. Martin Shubik suggested that the Shapley value of a game be used to allocate accounting costs. While that suggestion has-spawned a number of cost allocation proposals based on game-theoretic constructs, these studIes comprise only one of several major streams of cost allocation...

Although there exists an extensive and growing literature on how firms should and should not allocate costs, this literature has had only a limited impact on cost allocation practices. A possible explanation is that cost allocation proposals have not always captured essential aspects of the...

This study distinguishes between incremental and relative information content. Incremental comparisons ask whether one accounting measure provides information content beyond that provided by another, and apply when one measure is viewed as given and an assessment is desired regarding the...

EVA has attracted considerable attention as an alternative to traditional accounting earnings for use in both valuation and incentive compensation. With a host of consultants now marketing related metrics, numerous claims have been made-most based on anecdotal evidence or in-house studies. This...