From: Robin Hanson (rhanson@gmu.edu)
Date: Wed Jul 30 2003 - 03:43:05 MDT
At 02:36 PM 7/30/2003 +0930, Emlyn O'regan wrote:
>Can the policy analysis market work without DARPA funding/backing? Is there
>some reason that a private entity couldn't create & run it?
DARPA backing made it easier to overcome legal hurdles, but sufficiently
motivated private entities could overcome those as well. The idea of
an information market is that someone wants to know something, so they
create markets on the questions that interest them. The DoD is by far
the biggest customer around that wants to know about military and political
events in the middle east, so it will be hard to find a customer to replace
them for that product. But the basic technology can be applied in many
other areas, including corporate governance (which ad agency should we
hire, which product should we introduce, should we merge, and so on).
Robin Hanson rhanson@gmu.edu http://hanson.gmu.edu
Assistant Professor of Economics, George Mason University
MSN 1D3, Carow Hall, Fairfax VA 22030-4444
703-993-2326 FAX: 703-993-2323
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