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Money Metric Welfare and "Economic Efficiency"

…it “The Market’s Social Welfare Function.” This means he assumes the standard assumptions sufficient to make market outcomes Pareto efficient, rationality, perfect competition, market clearing, no externalities, symmetric information and…

Another Honest Republican

…by communicating with military commanders that the U.S. soon realized many Guantanamo detainees were innocent but nevertheless held them in hopes they could provide information for a “mosaic” of intelligence….

Columbus Dispatch Picks its Pork

…Title 3 $13 billion Health Insurance for the Unemployed ($13 billion) Title 4 $20 billion Health Information Technology (???) Title 5 $89 billion Medicaid ($89 billion) Total $248 billion So…

Obama Administration Watch

…sure we cannot keep up. Readers should feel free to leave a link here in comments for us to check regularly and develop ideas for posts or pass along information….

Honest Research?

…new data are released. This page does not provide forecasts, and the information should not be interpreted as such. The following charts provide information about both the length and depth…

Reads of the Day for the start of 2009

…it’s easy to see which is closer to “rating.” Unfortunately, the area where information is more valuable* is not the one discussed and understood in the press, where BSC kept…

The Smartest Morons in the Room

…in some very shady business that was not sustainable and they had the information to know it was not sustainable… and they stuck around too long, finding themselves still at…

Labour market intermediaries’ role tells us…?

…exploit – a set of endemic departures of labour market operation from the first-best benchmark of full information, perfect competition, and decentralised price taking. Three labour market deficiencies, in particular,…

Your Urgent Help Needed

…may transfer your commission for this transaction. After I receive that information, I will respond with detailed information about safeguards that will be used to protect the funds. Yours Faithfully…