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The Y2K Scare: Causes, Costs and Cures

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  • Quiggin, John

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.

Suggested Citation

  • Quiggin, John, 2004. "The Y2K Scare: Causes, Costs and Cures," Risk and Sustainable Management Group Working Papers 151503, University of Queensland, School of Economics.
    • Handle: RePEc:ags:uqsers:151503
    DOI: 10.22004/ag.econ.151503
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    File URL: https://ageconsearch.umn.edu/record/151503/files/WPP04_1.pdf
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    References listed on IDEAS

    as
    1. Geoffrey Brennan & Jonathan Pincus, 1987. "Rational Actor Theory in Politics: A Critical Review of John Quiggin," The Economic Record, The Economic Society of Australia, vol. 63(1), pages 22-32, March.
    2. repec:bla:ecorec:v:63:y:1987:i:180:p:10-21 is not listed on IDEAS
    3. John Quiggin, 1987. "Egoistic Rationality and Public Choice: A Critical Review of Theory and Evidence," The Economic Record, The Economic Society of Australia, vol. 63(1), pages 10-21, March.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Public Economics; Risk and Uncertainty;

    JEL classification:

    • H89 - Public Economics - - Miscellaneous Issues - - - Other

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