In this work, two models for legal and illegal financiers are presented. The aim of the financiers are different: a bank try to minimize the defalt probabilityof the funded company, while the illegal financier aims to bring the company to bankruptcy and, at the same time, to obtain the maximum...

The aim of this paper is to propose a model of money laundering and an economic analysis model of money laundering by usury. The first one is an evolution of a model already present in the literature and the difference is in the way to evaluate the advantage for a criminal to reinvest the...

The aim of this article is to offer a simple framework for estimating the benefits and costs of anti-ML regulation, based on a prudent estimation of the economic value of worldwide money laundering. Using the multiplier model of the relationship between criminal markets revenues and money...

The aim of this article is to offer a simple framework for estimating the benefits and costs of anti-ML regulation, based on a prudent estimation of the economic value of worldwide money laundering. Using the multiplier model of the relationship between criminal markets revenues and money...

In this paper I point out the role assumed by behavioral finance in order to explain financial market trend in the last few years, which doesn't seem to respect classical financial theory principles: price equals stock fundamental value.The two approaches make two different assumptions. The...

The aim of this article is to offer a simple framework for estimating the benefits and costs of anti-money laundering regulation, based on a prudent estimation of the economic value of the worldwide money laundering. Using the multiplier model of the relationship between criminal markets...

<span style="font-size: 9.5pt"><span style="font-size: 9.5pt">This paper presents a new stochastic model of asset pricing, based on agents with heterogeneous beliefs. Forecasting rules of all agents are characterized by a stochastic term that</span><span style="font-size: 9.5pt">works as an agent-based time dependent weight of the conditional expectation of the fundamental. Since we consider...</span></span>