Publications

Policy Note 2009/6 | May 2009

The “Unintended Consequences” Game

A simple consideration of history tells us that each new piece of legislation contains loopholes that benefit a new class of entrepreneurs; some of these loopholes are small, but others are such that one could drive a bullion-laden truck through them. In this new Policy Note, Martin Shubik suggests creating a “war gaming group” to stress-test all major new legislation, with a first prize of $1 million to be awarded to the competing lawyer or team of lawyers who finds the most egregious loophole—a small amount relative to the potential savings.


Publication Highlight

Working Paper No. 944
The Empirics of Canadian Government Securities Yields
Author(s): Tanweer Akram, Anupam Das
January 2020

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