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Putting the System in the International Monetary System

posted to Mostly Economics on Thu 23rd May 13

A super paper by super econ historians -Michael D. BordoandAngela Redish. They track how this so called international monetary system became a system involving very complex ideas and coordination: The international gold standard of the late nineteenth century
Why IPL keeps failing people (Just like Why nations fail?)

posted to Mostly Economics on Thu 23rd May 13

It is amazing how IPLbandwagonkeeps rolling despite new crisis every year. IPL itself leads to many interesting economic lessons (like auctions, gametheory,portfoliomanagement etc. I have written few pieces on both – previous crisis in IPL and applying
Why IPL keeps failing people (Just like Why nations fail?)

posted to Mostly Economics on Thu 23rd May 13

It is amazing how IPLbandwagonkeeps rolling despite new crisis every year. IPL itself leads to many interesting economic lessons (like auctions, gametheory,portfoliomanagement etc. I have written few pieces on both – previous crisis in IPL and applying

Why Nobel Economics Laureates chose economics?

posted to Mostly Economics on Wed 4th Nov 09

I came across this interesting paperfrom WilliamBreitand Barry Hirsch which looks at above question:This paper uses as source material twenty-three autobiographical essays by Nobel economists presented since 1984 at Trinity University (San Antonio, Texas) and
Should financial products be given Censor-like ratings for movies A,UA, U etc.

posted to Mostly Economics on Fri 30th Nov 12

Liz Warren has recently become the Senator forMassachusetts Financialindustrymanaged to keep her away from theConsumerFinancial Products Bureau which was her brainchild. It will be interesting to see what role she plays as a Senator.. Here is a nice suggestion
Easing traffic congestion in Stanford University..

posted to Mostly Economics on Wed 13th Jun 12

Matt Kahn’s super blogpoints to this nice story on traffic congestion in Stanford. Balaji Prabhakar, a Stanford Comp Sci Professor is looking at solutions to ease traffic congestion in the Ivy league campus. This project is calledCongestion and Parking

10 Friday AM Reads

posted to The Big Picture on Fri 30th Nov 12

My morning reads: Why Have Global Macro Hedge Funds Underperformed? (Pragmatic Capitalism) see also High-Frequency Trading and High Returns (The Baseline Scenario) Complaints Aside, Most Face Lower Tax Burden Than in 1980 (NYT) That 3-to-1 spending/taxes deal
Nudging to reduce congestion

posted to Urbanomics on Sat 23rd Jun 12

I have blogged earlier arguing that public policies that seek to reduce traffic congestion has to go beyond widening roads and include those that make vehicle ownership and usage expensive and also incentivize drivers to shift away from peak-time use.
Nudging on Donations

posted to Urbanomics on Sat 7th Apr 12

Mostly Economics points to the new working paper by Dean Karlan and John List that suggests an innovative way for charities to signal their credibility nudge donors into increasing their donations. Karlan and List write,We develop a simple theory which formally