Markets the credit rating agencies

Abstract

This feature explores the operation of individual markets. Patterns of behavior in markets for specif c goods and services offer lessons about the determinants and effects of supply and demand, market structure, strategic behavior, and government regulation. Suggestions for future columns and comments on past ones should be sent to James R. Hines Jr., c/o Journal of Economic Perspectives, Department of Economics, University of Michigan, 611 Tappan St., Ann Arbor, Michigan 48109-1220.