December 27, 2010 at 19:33 PM EST
Deep Capture: The Elevator Pitch
Point #1: After agents commit to a trade in a marketplace, they must have a process to exchange the property rights they just traded. “Clearing and settlement” is the financial jargon for these processes, but one can think of them simply as the mechanism by which property rights are exchanged. Point #2: In the USA these [...]
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