It's a well formulated set of procedural rules.

They determine how people participate and what the outcome will be.

It could be tulips in Poland or fish in Saigon.

Listen to my conversation with Nobel co-loriates Robert Wilson and Paul Milgram.

We discuss how auctions can be used to increase fairness and where the theory of auctions

evolved from.

Listen to the bulletin with UBS on Apple podcasts, Spotify, or wherever you get your audio.

Hello and welcome to the Intelligence from the Economist.

I'm your host Jason Palmer.

Every weekday we provide a fresh perspective on the events shaping your world.

Applied chain woes are particularly bad in Britain because of a short supply of truck drivers.

Our correspondent hitches a ride finding a grueling, tedious, precarious profession and one

lorry driver who wouldn't do anything else.

And the American state of Maine has a new law on the books in Shrining the Right to Food.

It's intended to help with high levels of food insecurity, but a vague statute letting

anyone be a farmer has some troubling implications.

First up though.

After two months of quiet negotiation, Germany has built a governing coalition.

The traffic light is on, said the next chancellor Olaf Schultz, who will take over from Angela

Merkel next month.

His social democrats party color of red will be joined by the free democrats, yellow and

the green party.

...