Clark Center Forum

 

 

This Finance survey examines (a) Although the reported volatility of asset values in private markets (private equity, buyouts, and venture capital) is lower than that of comparable assets in public markets, their true volatility is broadly similar or greater; (b) Since the global financial crisis, the realized returns on private equities have measurably exceeded the returns on public equities 

This US survey examines (a) The market power of event ticket-selling intermediaries leads to consumers who ultimately attend the events paying substantially more and producers receiving substantially less than they would if the intermediary sector were more competitive; (b) The present system of initial ticket selling and reselling through secondary ticket intermediaries often leads to large transfers between different groups of ticket buyers that could be partially captured by artists through higher initial ticket prices; (c) Artists set prices at less than market-clearing levels in an effort to provide access for fans with modest incomes 

This European survey examines (a) Without government intervention, take-up of electric vehicles will be substantially less than is desirable to reduce carbon emissions; (b) To encourage greater take-up of electric vehicles, public expenditure on infrastructure to support them (such as charging stations) is likely to be more cost-effective than providing equivalent amounts as tax credits/purchase rebates for buyers 

This installment of the FTxIGM US Macroeconomists Survey discusses the possibility of rising unemployment vis-a-vis the expectation that the Fed will be able to stem inflation. It also examines the US housing market. The summary results are below and you can read the Financial Times article here, subscription required. View the results of this survey […] 

This European survey examines (a) Network externalities give Twitter an incumbent advantage that will slow substantially the migration of users who would prefer alternative platforms;
(b) As of now, there needs to be more government regulation around Twitter’s content moderation and personal data protection. 

This US survey examines (a) Network externalities give Twitter an incumbent advantage that will slow substantially the migration of users who would prefer alternative platforms;
(b) As of now, there needs to be more government regulation around Twitter’s content moderation and personal data protection. 

This Finance survey examines (a) The collapse of a major crypto intermediary will have little impact on the wider economy and the stability of the traditional financial system; (b) The collapse of a major crypto intermediary suggests the need for the crypto asset class to be more tightly regulated. 

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.