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Relendex combines two tried-and-tested ideas: syndicated lending, which reduces risk, and auctions, which deliver efficient prices.
It will be more efficient, prices will be lower, subsidies reduced and a regulator will act as a long stop to ensure that the public interest is protected.
For example, markets are not perfectly efficient — prices do not always adjust to right level and people are not perfectly rational.
Motivated by issues under review in New England, a summary of the basic principles and illustrative applications provides examples of seeking the first-best efficient prices to mitigate the unintended consequences of second-best out-of-market payments.
Markets are most efficient as allocators of capital because of their ability to set prices - efficient prices - on asset values.
While media publishers and content producers are investing in a tech and data-centric future, they also accept and continue to operate in a business based on delivery of impressions at cost efficient prices.
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To economists, financial markets are efficient price discovery mechanisms.
A more efficient price means a more accurate price for everyone.
If there were efficient pricing, investment and technology, it could accommodate more.
But this encourages market-makers to be alert, resulting in more efficient pricing.
"In normal times, short-selling enhances market liquidity and contributes to efficient pricing," he said.
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