November 21, 2007 – Knowledge Problem

Happy Travels? Will Federal Policy Bring Economics to Airports?

3 Comments / Economics / By Lynne Kiesling

Lynne Kiesling Today’s a big national travel day, and many of us are flying about. Painful. As we’ve discussed here before, airport takeoff-landing slot congestion pricing would be the most sensible and efficiency-promoting policy, but the FAA, Congress, and the airlines are not inclined to implement anything sensible or efficiency-promoting. One of the outgrowths of …

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Generation Shares by Fuel Type: Regulated and Deregulated States

11 Comments / Electricity / By Michael Giberson

Michael Giberson Courtesy of industry thinker Jeffrey D. Roark comes this contribution to understanding some of the differences between power produced in “regulated” and “deregulated” states. Click on the image to see a larger version. Charts were developed using the EIA data cited in the image. Roark draws attention to two points: first, that the …

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Prices Aren’t Always Property

1 Comment / Economics / By Lynne Kiesling

Lynne Kiesling I have a question, or qualification, of Mike’s excellent post about prices as property the other day. What about the string of court rulings that allow Intercontinental Exchange to use NYMEX’s market prices for ICE’s transaction settlements? Isn’t that equivalent to declaring that NYMEX does not have a property right in its own …

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