A new book, Information Markets: A New Way of Making Decisions, has just been published by the AEI-Brookings Joint Center for Regulatory Studies - and the whole book can be downloaded for free. Edited by Robert W. Hahn and Paul C. Tetlock, it publishes seven papers from a December 2004 conference.
This collection of essays provides a state-of-the-art analysis of the potential impact of information markets on public policy and private decision-making. The authors assess what we really know about information markets, examine the potential of information markets to improve policy, lay out a research agenda to help improve our understanding of information markets, and explain how we might systematically improve the design of such markets.
Hat tip: Tyler Cowen at Marginal Revolution.