Research and Advances

Viewpoint: Living and Bidding in an Auction Economy

The greatest barrier to an optimal free market is imperfect and costly information; to the extent that any buyer or seller is unaware of the other, economic opportunity is lost. In traditional markets, time, geography, language—and a host of other factors—have all been barriers to the complete exchange of information necessary for a perfect market. […]

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Research and Advances

Electronic Empire

As we continue into the terra nova of the electronic frontier, there is no set destiny that determines how the electronic society evolves. For all of the promise of true democracy, free markets, unrestrained speech, and the creation of a global village, there remains the distinct possibility that the tools empowering this utopia will just […]

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