The unit loads, e.g., plastic containers or EUR-pallets, used in an assembly plant can have a significant impact on time efficiency, and hence cost, of both the materials supply and the receiving assembly stations. Smaller unit loads can reduce the time the assemblers spend fetching parts....

Prediction markets are low volume speculative markets whose prices offer informative forecasts on particular policy topics. Observers worry that traders may attempt to mislead decision makers by manipulating prices. We adapt a Kyle-style market microstructure model to this case, adding a...

In July 2003, the Policy Analysis Market (PAM) was described as terrorism futures, and immediately cancelled. While PAM was not in fact designed to be terrorism futures, I here consider five design issues with implementing and using real terrorism futures: combinatorics, manipulation, moral...