Buchanan & Wagner’s “Democracy in Deficit” and its current applications

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

Prediction markets for movie box office: Manipulation! Insider Trading! Efficiency! and Twitter!

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!