This week, two Dialogues économiques articles to discuss the topic of regulation :
►Can the market be ethical?
Combining markets and ethics isn’t easy, and the numerous frauds and scams that intervene at regular intervals don’t help. Should we be looking for more competition to reach efficiency or, on the contrary, seeking market regulation? To respond to this dilemma, economist Marie Claire Villeval uses experimental tools....Read the article
►Once upon a time in the Wild West : The Good, the Bad and the State
Talking about the Gold Rush and the Wild West immediately conjures up fortune seekers and anarchy, but certainly not economic analysis. Yet economists, among them Marc Sangnier, have demonstrated how the presence of state institutions significantly reduced criminality in these areas, both back then and ever since, using data on mining in the Great American West. But what about the violence prevalent in states (or regions) before state institutions were established to ensure some form of property rights regulation?...Read the article
