This story is not a tale of a successful privatization program, but is instead a cautionary tale of how regulation has created a worse outcome than privatization could. Technological innovation is enabling us to use the radio spectrum more intensively than before. This innovation is placing pressure on regulation and property rights issues in the …
Why Doesn’t the Fcc Just Establish Spectrum Property Rights? Read More »
Economically viable hydrogen fuel cells are coming. Not quickly, but they are coming. And that expectation of future applications of technological change should be causing the electricity industry to rethink the value propositions it is presenting to its customers, because it’s going to become cheaper and easier for customers to say “we’re outta here”. This …
More evidence that the OPEC cartel production ceiling is unsustainable collusion. From May to June, OPEC production increased by almost 100,000 barrels per day. Check out the table at the bottom of the article to see who was able to cheat, and by how much, according to these estimates from Platts. Furthermore, this Reuters story …
Bravely diving into the breach, what what, Burberry goes ahead with its IPO. Investor confidence wavers today, but consumer confidence in a dynamic business with a well-defined and forward-looking brand and brand evolution persists! They offered at the low end of the estimated capital value of the company, which makes sense in this environment, but …
An interesting story on National Public Radio this morning: Lindows is a new computer operating system that’s being sold with PC’s for under $300. Its main selling point is its “click and run” application that allows users to easily download software. Although Microsoft and computer industry experts don’t think Lindows and Windows are competing for …
Lindows and Wal-mart Bring Choice to Computer Customers Read More »
From the California newspapers, yesterday and today … the LA Times describes the conditions leading to the first Stage 2 alert (when reserves go below 5%); the San Francisco Chronicle attributes the stress, at least in part, to a breakdown in conservation. Today’s LA Times story also points out the lower conservation than last June, …
I was going to spend some time today writing about the heat wave in the West, and how the California electricity network and “market” are responding to this first big stress in a very long time. Then I read Charles Oliver’s outstanding editorial from yesterday on EnterpriseEconomy.com (link courtesy of Instapundit, thanks Glenn), and now …
In my relaxed perusals of the news this holiday weekend, I found two extremely good analyses by the typically good Amity Shlaes of the Financial Times. In her 27 June column she made a very important point about tipping in restaurants and a recent Supreme Court decision: In the Fior d’Italia case, summed up on …
The IAEE conference was very good — lots of interesting papers, and I was fascinated by the similarities and the differences of the issues and approaches across this very international group of economists. In the next couple of days I’ll be posting a summary of remarks from Lord Nigel Lawson, who was Chancellor of the …
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