Consumers possess limited capacity to process technical information concerning the characteristics of products. As a result, two forms of regulation (e.g., by the FDA or FTC) sometimes appear in the form of requirements for more understandable information about the product or restrictions on the...

There are two basic learning curve time and cost models that are somewhat confusing, because the same learning rate (e.g. the 80% learning curve) yields different results. The cumulative average model applies the learning rate to average variable cost, whereas the incremental model applies it to...

Our previous attempt resulted in a paper by the same five authors, "Quantum information and accounting information: their salient features and conceptual applications," published in the July-August 2006 issue of the Journal of Accounting and Public Policy. We now extend the previous paper to...

This paper explores "revenue accounting" in contrast to traditional "cost accounting." Revenue accounting is to serve information needs of managers and investors in planning and controlling a firm's sales activities and their financial consequences. Weaknesses of traditional accounting have...