I post market design related news and items about repugnant markets. See my Stanford profile. I have a forthcoming book : Moral Economics The subtitle is "From Prostitution to Organ Sales, What Controversial Transactions Reveal About How Markets Work."
Saturday, October 4, 2008
Market design by committee
In the NY Times, A Snarl of Regulation quotes Secretary Paulson: "Few, if any, will defend our current Balkanized system as optimal" It comes with a diagram of the current financial regulatory organizations.
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