Lynne Kiesling Tuesday’s Wall Street Journal had an installment in its regular series called “The Cranky Consumer”, in which one of the WSJ writers goes out into the market and reports on the consumer experience. Tuesday’s installment was written by Rebecca Smith, the Journal’s regular electricity writer and one of the best energy journalists around. …
The Cranky Consumer On Electricity “Deregulation” Read More »
Michael Giberson Following up my post of yesterday, use this link to automatically search FERC’s website for the Enron trading materials posted online on March 1. Available are hours of recorded tape conversations and a host of supporting testimony prepared by the FERC trial staff. Apparently, FERC trial staff decided to conduct a random sampling …
Lynne Kiesling In my previous “thinking out loud” post on institutional change, I ended with this question: Institutional change is in many ways itself a constructivist exercise. Is there a way to make the process of institutional change more organic, and thus more likely to lead to “valuable, meaningful, forward-looking, robust, evolutionarily adaptive institutional change”? …
Difficult Thinking About Institutional Change Iii: Ostrom’s Design Principles Read More »
Michael Giberson Enron was an unusual place, a source of many innovative business practices, not all of which turned out to be fraudulent. A pair of economists have found evidence that the creation of the EnronOnline trading platform contributed to market efficiency. According to a study by Donald Murry and Zhen Zhu, the two year …
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