Dynamic pricing is everywhere … even NPR

Chicago’s National Public Radio affiliate, WBEZ, started their fall/winter pledge drive earlier this week. As usual, the station offers a range of “thank you” gifts, with different gifts for different donation amounts. Going beyond the ubiquitous tote bag and coffee mug, this year WBEZ offers a stylish black and red (good color combo when you … More Dynamic pricing is everywhere … even NPR

Complexity, Permissionless Innovation, and the English Dance

Recently on EconTalk Russ Roberts talked with Duke University’s Mike Munger about permissionless innovation. The discussion focused on Mike’s recent essay on permissionless innovation, in which he claimed that “permissionless innovation, a strong presumption in favor of allowing experimentation with new technologies and with new business platforms that use those technologies” is the most important, … More Complexity, Permissionless Innovation, and the English Dance

Energy literacy, innovation, and economic history: a recent talk

The Illinois Science & Energy Innovation Foundation (ISEIF) is a foundation that uses its grantmaking to “create a more energy-literate society that’s ready for the smart grid“. Working through local community organizations including educational and religious organizations, ISEIF provides grants to promote understanding of and use of markets and technology to promote behavior change in … More Energy literacy, innovation, and economic history: a recent talk

Integrating reliability-must-run practices into wholesale electricity markets

One of the challenges of electric power market design comes in the need to consider the consequences of design choices for both market outcomes and grid reliability. Strictly speaking, the two kinds of consequences are not neatly separable, as market choices affect system reliability and system reliability affects market outcomes. The interaction between the two … More Integrating reliability-must-run practices into wholesale electricity markets

Illinois NextGrid, platform economics, and a new working paper

Recently the Illinois Commerce Commission kicked off its “utility of the future” initiative, called NextGrid. This 18-month stakeholder study will gather ideas to map out a strategic direction for electricity in Illinois. I spoke on a panel at the kickoff event that focused on platforms and transactive energy; here’s a summary of the panel from … More Illinois NextGrid, platform economics, and a new working paper