Market Design: The Policy Uses of Theory
Research Papers from Stanford University, Graduate School of Business
The use of modern microeconomics in policy is illustrated by the markets for spectrum, electricity, greenhouse-gas reductions, defense procurement, and Treasury bills. Further examples are antitrust divestiture rules, market-based redistribution, fishery conservation, and privatization. The limits of the use of theory are also discussed, by reference to China's economy-wide reforms. Lessons on the policy use of theory are drawn.
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Journal Article: Market Design: The Policy Uses of Theory (2003)
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Persistent link: https://EconPapers.repec.org/RePEc:ecl:stabus:1781
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