Columbia Law School
Sky Blog
Questions of FinTech and RegTech have been paramount in my mind and, I think it is safe to say, the minds of my fellow Commissioners in recent months.[1]
Old Fields and New Corn
On the paneled walls of the
Silence is Safest: Non-Disclosure When the Audience’s Preferences are Uncertain
An important and long-standing question in the economics of information is whether voluntary disclosure leads to full disclosure. A compelling and intuitive argument, often described as the “unraveling” argument (see Milgrom, 1981), suggests that the answer is, yes. In brief, …
