Accounting and finance theory and practice: Future development

Behavioral Finance in Theory and Practice

Behavioral finance is a new approach in finance literature. The main idea is that investors are not as rational as they are assumed to be. Therefore, financial markets could be better understood by using models that capture the effects of both rational and irrational investors. The critics of behavioral finance could be grouped into two main categories: limits of arbitrage and psychological fac...

Public Finance in Practice and Theory

Applications of game theory in finance and managerial accounting

Game theory has been applied during the last two decades to an ever increasing number of important practical problems in economics, industrial organization, business strategy, finance, accounting, market design and marketing; including antitrust analyses, monetary policy, and firm restructuring. In this paper we give insight into the growing role of game theory, and particularly of the principa...

Accounting Theory and Practice: the Ethical Dimension

Work Accounting Mechanisms: Theory and Practice∗

The Internet has enabled a new paradigm of economic production, where individual users perform work for others, often in small units, for short periods of time, and without formal contracts or monetary payments. These distributed work systems can arise in many places, for example in peer-to-peer (P2P) file-sharing networks, in ad-hoc wireless routing networks, or in 3G content distribution syst...