Category Archives: Adverse Selection

Adverse Selection

Three Cheers For A Housing Market Recovery, Maybe

Price reduced? Good news for one third of Americans, but not for Peter Dreier From the NYT: What Housing Recovery? In the New York Times Opinion Pages Peter Dreier (Professor of Politics, Urban and Environmental Policy at Occidental College) bemoans that not … Continue reading

Posted in Adverse Selection, Economics, Geography, Housing, Inflation, Markets That Won't Clear, Money, Moral Hazard, You're Not Helping | Tagged , , , , , , , , , | Leave a comment

Knight’s Pleas for a Do-Over Thankfully Fell on Deaf Ears

From the WSJ:  SEC Nixed Knight’s Plea for a Do-Over From a policy perspective, what’s the best response if a market participant’s computer software goes awry and places a flurry of unintended orders?  Should they have the right to retroactively … Continue reading

Posted in Adverse Selection, Capital Markets, Coasian Solution, Economics, Money, Technology | Tagged , , , , | Leave a comment