The Myth of the “Winner’s Curse” in Auctions of Capital Goods
The winner’s curse was “discovered” in low rates of return on certain types of capital goods acquired in auctions or negotiated acquisitions.
The winner’s curse was “discovered” in low rates of return on certain types of capital goods acquired in auctions or negotiated acquisitions.
In this article, the prime concepts are based on the Mises-Hayek theory of the business cycle. Using this model as the general framework for analysis, additions and modifications are introduced reflecting theoretical advances and current problems
There are many methods for choosing common stocks for investment. These methods may or may not be consistent with a traditional Austrian view, depending on the processes involved and basic tenets of the analysis.
This paper investigates whether the government regulation of insider trading or insider trading laws can be effective.
This is part II of a two-part paper in which a critique is offered of the private right to free incorporation from a classical liberal or libertari
Harvard professor of philosophy, John Rawls, can be credited with provoking the most recent angst over the issue of intergenerational equity.
Almost anyone who was of age and living in the United States during the 1980s will remember that it was given the moniker of “Decade of Greed.” As
Recorded at the Mises Institute in Auburn, Alabama, on 21 July 2014.