Marking to Market versus Taking to Market

While the debate on cost and market-value accounting has been raging for years, economists lack a framework allowing a comparison of their relative merits. This paper considers an agency model in which the measurement of an asset can be based on public market data (marking to market) and/or on the r...

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Bibliographic details
Main Author: Plantin, Guillaume
Tirole, Jean
Format: Paper
Language: English
Place of publication: 01.11.2016
Data of publication: 2016-11
Online Access: available in Bonn?
Database: SciencesPo Open Archive
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