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The 'Unintended Consequences' Game

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  • Martin Shubik

Abstract

A simple consideration of history tells us that each new piece of legislation contains loopholes that benefit a new class of entrepreneurs; some of these loopholes are small, but others are such that one could drive a bullion-laden truck through them. In this new Policy Note, Martin Shubik suggests creating a “war gaming group” to stress-test all major new legislation, with a first prize of $1 million to be awarded to the competing lawyer or team of lawyers who finds the most egregious loophole—a small amount relative to the potential savings.

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  • Martin Shubik, 2009. "The 'Unintended Consequences' Game," Economics Policy Note Archive 09-6, Levy Economics Institute.
    • Handle: RePEc:lev:levypn:09-6
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    File URL: http://www.levyinstitute.org/pubs/pn_09_06.pdf
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    Cited by:

    1. Charles J. Whalen, 2010. "Economic Policy for the Real World," Economics Policy Note Archive 10-01, Levy Economics Institute.

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