January 4, 2011

An Example of Ways Poorly Constructed Markets Can Fail

2 Comments / Economics, Technology / By

Michael Giberson From the Mim’s Bits column in the MIT Technology Review: “How Mechanical Turk is Broken Why the world’s most famous outsourcing hub for tiny tasks is littered with spam and shoddy workmanship.” Mechanical Turk (MTurk) is Amazon’s site for linking companies seeking small web-based tasks requiring at least a bit of human intelligence …

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My Grid-interop Talk: Regulation’s Role in Stifling Innovation

Economics, Electricity, Regulation / By

Lynne Kiesling In early December I had the pleasure of delivering some lunch remarks at the Grid-Interop conference in Chicago. Grid-Interop is a great place for those interested in innovation in the electricity industry to share ideas about technology, business models, the interoperability that enables such creativity, and the role of economic regulation in how …

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