KP Takes A Holiday

Knowledge Problem will be taking a two-week holiday, resuming on Sunday 21 September. I am headed to Budapest for a week to participate in the graduate student workshop of the Ronald Coase Institute and to present a paper at the annual conference of the International Society for New Institutional Economics (ISNIE). After that, a week’s … More KP Takes A HolidayMore KP Takes A Holiday

Power In The Hands Of Shippers

My friend Jim Johnston is very knowledgeable about energy markets, and he had a commentary in the Chicago Sun-Times last week on how to improve grid reliability. Thus, we have a new pattern of generation and consumption that overlies the older locally oriented grid structure. It is a prescription for disaster that promises to persist … More Power In The Hands Of ShippersMore Power In The Hands Of Shippers

New Reason Study: A Dynamic And Contestable Grid

The recent blackout in the Northeast and Midwest U.S. and Ontario have brought electricity transmission to the foreground of policy debates. In a new Reason study , Adrian Moore and I explore ways that technological change and innovative contracting practices create potential competition for the grid, or in other words, make the grid contestable. The … More New Reason Study: A Dynamic And Contestable GridMore New Reason Study: A Dynamic And Contestable Grid