Opinion Journal: Laffer and Giordano Miss The Point
Lynne Kiesling Today’s Opinion Journal has a commentary by Art Laffer and Patrick Giordano on proposed wholesale power procurement auctions in Illinois. They claim that the uniform price reverse auction (in which the price falls until Q supplied=Q demanded, and all suppliers still in the market receive the market-clearing price) is a ComEd setup that’s … More Opinion Journal: Laffer and Giordano Miss The Point … More Opinion Journal: Laffer and Giordano Miss The Point