🚨 Updated paper alert 🚨
"Market microstructure and informational complexity" with @GuthmannR
Why do we have organized markets with intermediaries like NYSE or Amazon?
Our answer: they drastically reduce the information burden on everyone else.
Here's how we get there 🧵
"Market microstructure and informational complexity" with @GuthmannR
Why do we have organized markets with intermediaries like NYSE or Amazon?
Our answer: they drastically reduce the information burden on everyone else.
Here's how we get there 🧵
I have no clue whether this is plausible and innovation measures are always tricky, especially historically.
But this will definitely break some antitrusters brains
But this will definitely break some antitrusters brains
"Claims in social science papers should have a bite, they should be bold, and they should be potentially wrong...
“The history of the Soviet Union demonstrates the intellectual bankruptcy of communism as an ideal.”
Now we can begin a contested conversation..."-@PeterBoettke
“The history of the Soviet Union demonstrates the intellectual bankruptcy of communism as an ideal.”
Now we can begin a contested conversation..."-@PeterBoettke