Prediction Markets or Insider Trading Could Reveal Information Hidden from Upper Management

Michael Giberson Larry Ribstein suggests that at least some of Boeing’s troubles with the 787 might have been avoided if either insider trading was permitted in Boeing’s stock or the company was operating internal prediction markets focused on project completion. The quotes that Ribstein draws from the Wall Street Journal article on Boeing highlight two … More Prediction Markets or Insider Trading Could Reveal Information Hidden from Upper ManagementMore Prediction Markets or Insider Trading Could Reveal Information Hidden from Upper Management

New Fashion Read

Lynne Kiesling Sitting in the Manchester, NH airport, coming home from a way cool conference on new frontiers in emergent order research … the brain is too full to think of anything along those lines for a post! But courtesy of The Manolo,, I’ve found a new fashion read: The Thoughtful Dresser, by writer Linda … More New Fashion ReadMore New Fashion Read

Economists Do Not Understand the Opposition to Congestion Pricing

Michael Giberson A few recent news articles on congestion has Peter Klein at Organization and Markets asking, “Why the Resistance to Pricing?” When the quantity demanded exceeds the quantity supplied — causing shortages, delays, congestion, misallocation — the solution is to raise the price. Every freshman economics student knows this. Why, then, are regulators, industry … More Economists Do Not Understand the Opposition to Congestion PricingMore Economists Do Not Understand the Opposition to Congestion Pricing