Lynne Kiesling Last week I was honored to spend a couple of days at St. Lawrence University with Steve Horwitz and his students and colleagues. In addition to giving a talk on regulation and technological change in the electricity industry, I gave a guest lecture in an environmental economics class and participated in a reading … More Buchanan & Wagner’s “Democracy in Deficit” and Its Current Applications
Michael Giberson Tyler Cowen links to a story in the New York Times detailing the opposition of the Motion Picture Association of America to two proposed markets for forecasting movie ticket sales. Of the objections noted in the article, Cowen thinks the key issue for Hollywood is the possibility of a poor market showing making … More Prediction Markets for Movie Box Office: Manipulation! Insider Trading! Efficiency! and Twitter!