Virginia Postrel’s written a must-read Economic Scene column in today’s New York Times. Its topic is specialization, and specifically the move away from vertical integration in the structure of many industries. Technological change has contributed to making this move possible and profitable. There’s a large field in new institutional economics that explores precisely this dynamic. … More More

Virginia Postrel’s written a must-read Economic Scene column in today’s New York Times. Its topic is specialization, and specifically the move away from vertical integration in the structure of many industries. Technological change has contributed to making this move possible and profitable. There’s a large field in new institutional economics that explores precisely this dynamic. … More More

Virginia Postrel’s written a must-read Economic Scene column in today’s New York Times. Its topic is specialization, and specifically the move away from vertical integration in the structure of many industries. Technological change has contributed to making this move possible and profitable. There’s a large field in new institutional economics that explores precisely this dynamic. … More More

Now that California’s gasoline refiners have gotten over the MTBE/ethanol inventory hump that drove prices up this spring, refinery maintenance is contributing to stopping the decline in gas prices that ensued. In an environment in which fuel regulations balkanize markets, fuel in one place is no longer substitutable for fuel in another. That balkanization re-introduces … More More

Now that California’s gasoline refiners have gotten over the MTBE/ethanol inventory hump that drove prices up this spring, refinery maintenance is contributing to stopping the decline in gas prices that ensued. In an environment in which fuel regulations balkanize markets, fuel in one place is no longer substitutable for fuel in another. That balkanization re-introduces … More More

Now that California’s gasoline refiners have gotten over the MTBE/ethanol inventory hump that drove prices up this spring, refinery maintenance is contributing to stopping the decline in gas prices that ensued. In an environment in which fuel regulations balkanize markets, fuel in one place is no longer substitutable for fuel in another. That balkanization re-introduces … More More

Now that California’s gasoline refiners have gotten over the MTBE/ethanol inventory hump that drove prices up this spring, refinery maintenance is contributing to stopping the decline in gas prices that ensued. In an environment in which fuel regulations balkanize markets, fuel in one place is no longer substitutable for fuel in another. That balkanization re-introduces … More More

A hearty welcome to the block to Steve Antler at EconoPundit. Not only is he a fellow Chicagoan, his early posts touch on energy policy! I love having a playmate … … More

A hearty welcome to the block to Steve Antler at EconoPundit. Not only is he a fellow Chicagoan, his early posts touch on energy policy! I love having a playmate … … More

A hearty welcome to the block to Steve Antler at EconoPundit. Not only is he a fellow Chicagoan, his early posts touch on energy policy! I love having a playmate … … More