direct test of the optimal deterrence theory of antitrust crimes.Regressions are fitted to a sample of the corporations that … collusion. However, U.S. fines do not conform to the theory's predictions about the probability of detection and conviction of …

governments. This paper provides an overview of why prediction markets matter, how they are regulated, and how the regulation can …

regulation, but the tendency to enact rules in response to prior crises leads to regulation that lags behind future market … ascertain where regulation will be most beneficial in the future. As an empirical demonstration, I identify newly popular topics … predictive data can both guide agencies on future interventions as well as shorten the policy lag in market regulation. While …