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Cap and Trade and Horse Trading

…idea is to auction all of the permits and set up a fund to compensate overburdened states by giving money to the state government. The formula would be uhm complicated…

Scariest Irvine Foreclosure

Dr. Black had a link to foreclosures in Irvine, California. This one especially caught my eye: 5031 Alcorn Lane, Turtle Rock Amount owed: $298,876.14 Last sale: July 2001, $485,000 Auction

Wise Words from Carbon Sense Coalition

…which found a generic cap and trade program would raise an average of $366 billion per year in auction revenues for the federal government 2015-2030, divided by 117 million households….

This Makes More Sense–or Does It?

…long as that board doesn’t include Hank Greenberg, I’ll be cautiously optimistic. The other piece of spinoff is more problematic: To aid the auction of at least one major asset,…

Freedom vs. Four Freedoms

…of their livestock were sold by auction in order to satisfy claims for social security levies. True, the number of citizens who regard compulsory old age insurance as a deprivation…

What’Swap: Accounting for Financial Innovation

…in financial operator speak). This means that if I send huge orders for bonds and short orders for bond futures to the double auction market, I will pay a huge…

Information cascade and decision making structure

…group. I suggested a different approach in our group, similar to a silent auction. Each “councilor” was given control over a percentage of the available funds, and decided how much…

Champaign Bottle corks are popping today

auction. Evidently, Paulson didn’t learn the lessons of the information asymmetry that played such a large role in getting us into this mess. The banks will pass on their lousiest…