Agricultural policy is designed to achieve certain goals. One goal that is of increasing importance in public discussion is 'public money for public goods' i.e. the compensation for the provision of public goods and the internalization of externalities. The European Union's Common Agricultural...

This chapter explores the use of prediction markets to generate, collect, and process information relating to a variety of environmental problems. Prediction markets, artificially constructed markets for contracts for contingent payoffs, have been used to generate projections of future...

This paper provides a framework for the early assessment of current U.S. nominal GDP growth, which has been considered a potential new monetary policy target. The nowcasts are computed using the exact amount of information that policy-makers have available at the time predictions are made....