By Topic

This week's European Economic Experts Panel statement: The practical application of auction theory to the licensing of rights to use public assets like radiospectrum and other natural resources has generated substantially higher government revenues and better allocative efficiency worldwide than would have happened under previous arrangements. 

This week's US Economic Experts Panel statement: The practical application of auction theory to the licensing of rights to use public assets like radiospectrum and other natural resources has generated substantially higher government revenues and better allocative efficiency worldwide than would have happened under previous arrangements. 

This week’s IGM Economic Experts Panel statement: Giving specific presents as holiday gifts is inefficient, because recipients could satisfy their preferences much better with cash. 

This week's IGM European Economic Experts Panel statement: Insights from psychology about individual behavior – examples of which include limited rationality, low self-control, or a taste for fairness – predict several important types of observed market outcomes that fully-rational economic models do not. 

This week's IGM Economic Experts Panel Statement: Insights from psychology about individual behavior – examples of which include limited rationality, low self-control, or a taste for fairness – predict several important types of observed market outcomes that fully-rational economic models do not. 

This week's IGM Economic Experts Panel statement: An annual December spending surge on parties, gift-giving and personal travel delivers net social benefits. 

This week's IGM Economic Experts Panel statements: A) Considering a broad range of costs and benefits is a better tool for guiding climate policy than setting temperature limits (such as 1.5 °C, eg) based on expected links between temperature increases and the extent of environmental harm. B) Carbon taxes are a better way to implement climate policy than cap-and-trade. 

This US survey examines (a) When economic policy-makers are unable to commit credibly in advance to a specific decision rule, they will often follow a poor policy trajectory; (b) Rules-based fiscal policies deliver substantially better outcomes than purely discretionary, on the spot, policy choices. 

This week’s IGM Economic Experts Panel statement: In general, absent any inside information, an equity investor can expect to do better by choosing a well-diversified, low-cost index fund than by picking a few stocks.