I agree with Russ Roberts on the dynamic effects of GMail: in a very short time span my Yahoo! email capacity went up from 6 MB to 100 MB, which is good, because I have a couple of friends who like to travel and email home some VERY high-resolution photos. Competition is wonderful.
Steve Verdon has a thought-provoking post with good links on the potential value of a synthesis of Austrian economics and evolutionary game theory that focuses on learning. One of the problems even for the more sophisticated models of learning in games is that the economist still pretty much has to specify the environment, and if …
Learning In Game-theoretic Models And Austrian Economics Read More »
Virginia Postrel has a lot of good discussion of the issue of productivity growth, based to some extent on William Lewis’s new productivity book and some of Brad DeLong’s posts. Just a pointer to her discussion and links …
In the past couple of days I?ve done some things that have given me some insights into my current research questions ? I?ve purchased appliances for our house and I?ve gotten our car?s emissions tested. Both of these situations have implications for policy regarding what are typically viewed as negative externalities. The main question to …
Energy Star Rebates And Irrelevant Externalities Read More »
Let’s see … the house is totally overwhelming. Some of the walls on the 2nd floor and the living room ceiling had some seriously degraded plaster, so our main wall guys have had to spend a lot more time (and a lot more of our money) rescuing the plaster than we had forseen. But it’s …
I am in Charlottesville, attending the Institute for Humane Studies Social Change Workshop, where I will be speaking on Thursday on a couple of things from my current research. More on that later …
Today’s Wall Street Journal (subscription required) has a great front-page article on morel mushroom hunters. It highlights one in particular, and gives a lot of insights into how these entrepreneurs make markets, and make markets work better. When he loaded his family into a beat-up white Chevy van and drove here in May from his …
I’m having a Stephen Bainbridge day … his Tech Central Station article from last week on the impending Supreme Court case over interstate wine shipment sums up the issues nicely. He notes the hypocrisy of the claim that the bans are meant to prevent underage drinking, when in fact it’s bald-faced rent seeking: It cannot …
I commend Stephen Bainbridge for his summer reading plan to reread the entire Jeeves-Wooster cycle. “Ring for Jeeves” is great, and I concur with his observations on it. Before the great flurry of packing boxes and shuffling around, I was reading some early Jeeves-Wooster stories out loud to my husband. Even without the British accent …
The timing cannot be a coincidence … in the wake of two different sets of audio tapes and transcripts from Enron that illustrate quite explicitly how venal their traders were, California’s Attorney General Bill Lockyer has chosen this week to express public outrage at a FERC order issued on May 12, over a month ago. …
The California Refund Process Will Not Go Gracefully Into That Good Night Read More »
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