An earlier analysis that compares allocations achievable using inside (private) money to those achievable using outside (government) money is extended. It is shown that outside-money allocations are a subset of inside-money allocations provided that the inside money issued by one issuer can be distinguished from that issued by others. If that recognizability assumption is weakened, then the sub...

Money laundering is among the most common financial crimes that negatively affect countries' economies and hurt their social and political relations. With the increasing growth of e-banking and the increase in electronic financial transactions, the identification of money laundering methods and behaviors has become more complex; because money launderers, by accessing the Internet and using new ...

The accuracy of prediction markets has been documented both for markets based on real-money and those based on play-money. To test how much extra accuracy can be obtained by using real money versus play-money, we set up a real-world online experiment pitting the predictions of TradeSports.com (real-money) against those of NewsFutures.com (play-money) regarding American Football outcomes during ...