Lynne Kiesling This past weekend I directed a Liberty Fund conference on intellectual property. I am fascinated by IP, in particular by the features it has in common with networks and with common-pool resources: incomplete and uncertain property rights. In an environment where it’s either beneficial to have incomplete and uncertain property rights, or where … More Intellectual Property and Viral Marketing … More Intellectual Property and Viral Marketing
Lynne Kiesling Over at Organizations & Markets, Peter Klein and Nicolai Foss have been talking about tacit knowledge, distinguishing it from explicit knowledge, and asking what the big deal is. Their posts and the comments on them are a good read. Why should tacit knowledge be any more or less important than explicit knowledge? My … More What’s So Great About Tacit Knowledge? … More What’s So Great About Tacit Knowledge?
Lynne Kiesling Here’s one for the “markets in everything” file: you can buy a contract at TradeSports with your prediction of Lance Armstrong’s NY Marathon time. Lance’s time, his training, etc. have been a topic of much discussion in some of the online places I frequent. Now all of us chatterati can put our money … More Buy A Contract on Lance’s Marathon Time … More Buy A Contract on Lance’s Marathon Time
Michael Giberson Is now a good time for investors to get into solar energy? A story from the Wall Street Journal raises that question (article available here via the Washington Post): Shares of solar energy companies in the United States and Asia have fallen about 25 to 50 percent in recent months as declining oil … More Here Comes the Sun? … More Here Comes the Sun?
Michael Giberson An L.A. Times story reports on the struggles of the United Network for Organ Sharing to oversee its member organizations, a job it seems not to pursue too energetically. The little-known organization that oversees the nation’s organ transplant system often fails to detect or decisively fix problems at derelict hospitals — even when … More Transplant Group Slow to Discipline Poor Quality Transplant Centers … More Transplant Group Slow to Discipline Poor Quality Transplant Centers
Lynne Kiesling Check out this interesting Wired article with some electric company executives on carbon policy. It indicates that there is not uniform agreement among utility CEOs regarding appropriate carbon policy, its timeline, its breadth, and its costs and benefits. There is an oblique reference to AEP’s participation in the Chicago Climate Exchange, but no … More Power Company Executives on Carbon Emission Policy … More Power Company Executives on Carbon Emission Policy
Lynne Kiesling On Friday Saudi Arabia signaled its desire to control world oil prices through OPEC’s decision to reduce production by 1.2 million barrels per day. Lots of observers have noticed that 5 years ago OPEC’s unstated trigger/target price was $30/barrel, but now it seems that they are targeting a price of $60-70/barrel. Clearly, political … More Some Interesting Oil Market Articles … More Some Interesting Oil Market Articles
Michael Giberson A detailed investigative report published last month by industry newsletter Inside FERC’s Gas Market Report suggests that a Texas intrastate gas pipeline company may have systematically attempted to manipulate spreads between physical and financial gas contracts trading at the Houston Ship Channel pricing point. The intrastate gas transportation market in Texas is lightly … More Allegations of Gas Market Manipulation in Texas Don’t Impress … More Allegations of Gas Market Manipulation in Texas Don’t Impress
Michael Giberson As the fine folks at the Energy Legal Blog report: Illinois Considers Continuation of Retail Rate Freeze. Back in 1997, Illinois politicians cooked up the Illinois Electric Service Customer Choice and Rate Relief Law, no doubt with ample input from industry and consumers in the state. The law mandated retail rate reductions of … More Illinois State Legislators Say “Freeze” … More Illinois State Legislators Say “Freeze”
Michael Giberson From the musical section of the “who’da thunk it” department comes this little footnote (from a law journal article [PDF] on the uses of popular music in legal writing), attached to a remark that Justice Samuel Alito “once attended a ska music festival”:  Becker & Russakoff, supra note 13, available at 2006 … More Samuel Alito: Rockin’ Steady? … More Samuel Alito: Rockin’ Steady?