The Neptune Project

The Neptune project is a privately-funded, high-voltage, direct current (yes, DC, not AC!) project to connect Manhattan and Long Island with other areas that have larger supplies of generated power. This type of interconnection of markets is a driving force in reducing transaction costs and increasing efficiency in energy markets. The progress of this project … More The Neptune ProjectMore The Neptune Project

Game Theory And Human Nature

This Wired News article highlights remarks by Martin Shubik, an eminent economist and game theorist, who is advocating pushing the use of game theory in economics beyond its grounding in rationality and strategy, to incorporate such human traits as emotion and error. Last Wednesday, Shubik told the audience of game theorists with mathematics backgrounds that … More Game Theory And Human NatureMore Game Theory And Human Nature

Monopolists, Old And New

Microsoft and AT&T are forming a strategic alliance to provide wireless connectivity, particularly in work environments, according to this article. … More Monopolists, Old And New

FERC Setting Market Rules Today

According to this Bloomberg News article, FERC will announce rules today to govern cross-regional wholesale electricity sales, including market monitoring and pushing “regulated utilities to cede some authority over transmission lines.” This has been coming for a while, with lots of industry and public comment time. I hope Commissioner Massey’s quote in the article is … More FERC Setting Market Rules TodayMore FERC Setting Market Rules Today

Tech Central Station Column

I have an article on Tech Central Station this morning, on how markets discipline companies who are not transparent and full of integrity. … More Tech Central Station Column