Nicolas Véron

Matthieu Autret

Alfred Galichon

The authors challenge widespread beliefs that business accounting practices are neutral and involve the mere reporting of objective data, revealing how easily balance sheets can be manipulated.

Accounting for Capitalism

Smoke & Mirrors, Inc

Optimal Transport Methods in Economics is the first textbook on the subject written especially for students and researchers in economics. Optimal transport theory is used widely to solve problems in mathematics and some areas of the sciences, but it can also be used to understand a range of problems in applied economics, such as the matching between job seekers and jobs, the determinants of real estate prices, and the formation of matrimonial unions. This is the first text to develop clear applications of optimal transport to economic modeling, statistics, and econometrics. It covers the basic results of the theory as well as their relations to linear programming, network flow problems, convex analysis, and computational geometry. Emphasizing computational methods, it also includes programming examples that provide details on implementation. Applications include discrete choice models, models of differential demand, and quantile-based statistical estimation methods, as well as asset pricing models. Authoritative and accessible, Optimal Transport Methods in Economics also features numerous exercises throughout that help you develop your mathematical agility, deepen your computational skills, and strengthen your economic intuition. The first introduction to the subject written especially for economists Includes programming examples Features numerous exercises throughout Ideal for students and researchers alike

Optimal Transport Methods in Economics

Enron, Andersen, Worldcom: although these companies have stopped dominating the headlines, the shock waves they sent through the business community in 2002 have not yet subsided. The belief that accounting is an exact science has been shattered, while economic relations are upset by the knowledge that financial information may be untrustworthy. Yet the market economy profoundly requires relevant and reliable information about the activity and financial situation of businesses. Taking into account the increasing strength of capital markets and international investors, the authors outline the basic elements that could constitute a new, balanced system of accounting that would accompany the necessary changes in capitalism, particularly in France and the rest of Europe. This book is aimed at practicing accountants, business and corporate finance students, but also at any reader interested in an original and compelling perspective on the use and abuse of accounting in the business community. Nicolas Véron, a senior fellow at the Peterson Institute for International Economics in Washington, DC, is the co-founder of the European think tank Bruegel. He authored or co-authored numerous publications on banking supervision, crisis management, and financial reporting. Matthieu Autret is an economic expert who has worked for the European Commission and the World Bank. Alfred Galichon is a full professor at the department of economics of New York University and the current director of New York University in Paris. His research interests span across theoretical, computational, and empirical questions.

Alfred Galichon

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