Flash Boys, the latest book from Michael Lewis (author of Liar’s Poker, Moneyball, The Blind Side, The Big Short, etc.), is a nonfictional account of the development of high-frequency trading (HFT) in U.S. equity markets, and of Brad Katsuyama’s quest to reform the system by creating a new trading platform, IEX, designed to resist the most damaging HFT strategies.
Measuring the Impact of Public Comments
How much affect on the substance of agency regulations do public comments have?
NLRB's Representation Case Procedures
In this NPRM, the National Labor Relations Board (NLRB or the Board) proposes to amend existing rules governing the procedures by which representation cases are conducted.
Timeliness of OIRA Reviews: A Snapshot in Time
To gain insight into ongoing reviews, we can turn to RegInfo.gov to get a snapshot of how long the regulations currently at OIRA have been under review.
Australia's Regulatory "Bonfire"
According to the World Economic Forum, Australia's labor regulations and red tape are major problems for doing business in the country.
Rulemaking Ossification Is Real: A Response to Testing the Ossification Thesis
Jason & Susan Yackee engage in an empirical study and claim to find relatively weak evidence that ossification is neither a serious or widespread problem. After a review of the Yackee’s methodology, dataset, time period, and suggestion of appropriate normative criteria, I conclude that nothing in the Yackee’s study contradicts or undermines the ossification hypothesis. In fact, ossification is a real problem that has a wide variety of serious adverse effects.
In May 2013, the White House released a revised Technical Support Document (TSD) with a new estimate of the “social cost of carbon” (SCC), to be used by various agencies when evaluating the benefits of emissions
Why Do Politicians Pursue Regulatory Reforms?
Scholars find considerable evidence that the state-level regulatory reforms are about political gain more than administrative efficiency or economic benefits.
