The problem of information exchange arises in many contexts, ranging from computer science to linguistics to financial accounting. One aspect of this problem is the choice of whether to use a single standard for all users of information or whether to use different languages for different...

The problem of information exchange arises in many contexts, ranging from computer science to linguistics to financial accounting. One aspect of this problem is the choice of whether to use a single standard for all users of information or whether to use different languages for different...

This paper discusses the characteristic properties of List PR systems and FPTP systems, as given in van der Hout (2005, 2006). While many of the properties we consider are common to both systems, it turns out (see van der Hout 2005) that the British system distinguishes itself by satisfying the...

We study a disclosure decision for a firm's manager with many sources of private information. The presence of multiple numerical signals provides the manager with an opportunity to hide information via aggregation, presenting net amounts in order to show information in its best light. We show...

This paper studies an economy whose agents perceive their consumption possibilities subjectively, and whose preferences are defined on what they subjectively experience, rather than on those alternatives that are objectively present. The model of agents' perceptions is based on intuitionistic...

This paper studies an economy where agents trade using a shared language, so that they do not need to meet in person with goods physically present. Agents provide vague descriptions of proposed net trades, which we interpret as arising either from inherent limitations in what the agents can...

'Prominence' plays an important role in financial reporting – an entity might assign an item to the footnotes, report it below the line, or comment on it in a press release versus the MD&A. We propose a model where quantitative disclosures are classified as more or less prominent, based on...