So I was catching up on my reading this AM over breakfast, and saw the header on Robert Prather’s post titled “beneficial complexity”. Very cool, I thought, sounds right up my alley. And then to find that the post was a link to me! Jiminy, that’s pretty exciting, thanks! I love the phrase beneficial complexity; …
Slowly, but surely, things are looking up for competitive wholesale electric generators. Today Constellation Energy announced an 83 percent increase in profits in Q4 2003. Much of this performance was driven by its wholesale electricity division, Constellation NewEnergy: The merchant energy business, or wholesale electricity marketing, posted earnings per share of 52 cents, more than …
Competitive Electricity Companies Crawling Out Of The Hole Read More »
Check out Michele Boldrin’s and David Levine’s joint work on intellectual property if you are interested in such issues. For example, this abstract of their paper titled “The Case Against Intellectual Property”, puts it clearly: Argues that the downstream licensing agreements implicit in current intellectual property law are anti-competitive and that there should be a …
Many thanks to Randy Barnett and David Bernstein for their recommendations of the Claremont Review of Books. I enjoy reading book reviews, but the NYT, NYRB, and London RB have all driven me sufficiently crazy with emotional, non-analytical, bad postmodern (as opposed to Hayekian postmodern!) reviews that I just don’t bother any more.
While we’re on the subject of energy innovation, please check out Randall Parker’s Futurepundit post on the potential for fuel cell vehicles to heat homes. I’ve discussed this potential with several industry folks, and it is truly exciting. Consider being able to drive up to your house and plug in your car in order to …
A new discovery may make room temperature superconductors possible: A long-sought new form of matter has been created for the first time. The matter, called a fermionic condensate, consists of atoms that are ordinarily forbidden to exist in the same quantum state but have been tricked into it by linking into pairs. It occupies the …
The hybrid Toyota Prius has been named the 2004 North America Car of the Year. “If you want to understand the future of automotive design and production, then you have to understand the Toyota Prius,” Motor Trend said.
Please, do check out the funny comment on haggis hunting (isn’t haggis a small animal that lives in the heather?) from my dear friend Adam Bruce, from the haggis post immediately below. A good chuckle to start the day!
Many people argue that electricity transmission is a natural monopoly, defined as having a subadditive cost structure (roughly speaking, decreasing long-run average costs over the relevant range of demand). Based on that belief, competitive entry is not allowed. Historically this has arisen because of the vertical integration of the industry, which is itself a consequence …
Wine: Gustave Lorentz Gewurztraminer Reserve 2001 ($12.99 at our local wine store) Front taste: sweet, full of orange flower, but not cloying. Thick mouth feel from the residual sugar. Initially some chalky mineral, but that dissipated over the course of drinking the whole bottle. Very robust fruit, peaches and pears especially. Mid taste: syrupy, but …
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