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The Y2K scare: causes, costs and cures

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Author Info
John Quiggin () (Department of Economics, University of Queensland)

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Abstract

The worldwide scare over the 'Y2K bug result in the expenditure of hundreds of billions of dollars on Y2K compliance and conversion policies. Most of this can be seen, in retrospect, to have been unproductive or, at least, misdirected. In this paper, the technological and institutional factors leading to the adoption of these policies are considered, along with suggestions as to how such policy failures could be avoided in future.

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File URL: http://www.uq.edu.au/rsmg/WP/WPP04_1.pdf
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Publisher Info
Paper provided by Risk and Sustainable Management Group, University of Queensland in its series Australian Public Policy Program Working Papers with number WPP04_1.

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Date of creation: Feb 2004
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Handle: RePEc:rsm:pubpol:p04_1

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Related research
Keywords: Y2K; moral panics;

Find related papers by JEL classification:
H89 - Public Economics - - Miscellaneous Issues - - - Other

This paper has been announced in the following NEP Reports:

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  1. Quiggin, John, 1987. "Egoistic Rationality and Public Choice: A Critical Review of Theory and Evidence," The Economic Record, The Economic Society of Australia, vol. 63(180), pages 10-21, March.
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This page was last updated on 2009-12-2.

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