So, Google’s IPO looks interesting. The main WSJ article (subscription required) on the IPO highlights two things of interest. First: the distribution of the shares via a uniform price Dutch auction. They’re going to have investors submit bids, where the bid includes the number of shares desired and the price. Aggregating all bid curves creates …
I like wine guys with a sense of humor, particularly when their name is a play on one of my favorite 80s bands. Speaking of the 80s, today at a meeting about Illinois electricity restructuring I was talking to one of the leaders of the movement toward market-oriented policy in Illinois that started back in …
This article from the May issue of Wired is a fascinating look at technological innovation in aquaculture and open-sea fish farming. The article has a lot of detail on problems of overfishing and how innovation (not bureaucracy) is addressing the problem in the face of ever-increasing human demands for animal protein.
More ocean stuff, this time to do with CO2 … last week Nature published an article on results from a study that put iron-rich fertilizer in the ocean near Antarctica. A team of oceanographers from Californian marine research institutes dropped 1.7 tonnes of iron sulphate in the sea as part of the Southern Ocean Iron …
There’s been a lot of discussion and analysis lately of fisheries and fishery policy. In many ways fisheries represent the quintessential “tragedy of the commons” (or what I prefer to call “tragedy of open access”) because treating fish populations as an open access resource has led to overfishing of many species as human populations have …
So it looks like Stephen Bainbridge and I crossed in the air over Colorado somewhere. Two things: 1. Honey, why ya still flying United? 2. He says he couldn’t live here because he’d miss the LA sun. Every time I spend a weekend in LA I am glad to get home to Chicago. In addition …
Revealed Preference: Kiesling Chicago, Bainbridge La Read More »
COTC this week is up and running at Venturpreneur. Have fun!
Here’s a great source for the next time you run into an apocalyptic, Doomsday-predicting naysayer: a detailed summary of the famous bet between Julian Simon and Paul Erlich. Punch line: prices reflect scarcity. Human creativity and ingeneuity, expressed through technological change, can push back the bounds of scarcity, even in resources that are technically nonrenewable. …
By now everyone’s read Virginia’s Economic Scene column from Thursday, but I wanted to chime in with my two cents because her argument, and Erik Brynjolfsson et. al.’s research on online commerce, are at the core of my arguments for market-based retail choice in electricity. Online shoppers are not just buying the same stuff for …
There’s been lots of talk lately about malaria and DDT. As an addition to that thread, I recommend this National Review article by Jennifer Zambone on malaria prevention. Her argument is that investing in malaria prevention in Africa will pay off many times over.
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