Intellectual Property and Viral Marketing

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 MarketingMore Intellectual Property and Viral Marketing

What’s So Great About Tacit Knowledge?

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?

Buy A Contract on Lance’s Marathon Time

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 TimeMore Buy A Contract on Lance’s Marathon Time

Transplant Group Slow to Discipline Poor Quality Transplant Centers

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 CentersMore Transplant Group Slow to Discipline Poor Quality Transplant Centers

Power Company Executives on Carbon Emission Policy

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 PolicyMore Power Company Executives on Carbon Emission Policy

Some Interesting Oil Market Articles

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 ArticlesMore Some Interesting Oil Market Articles

Allegations of Gas Market Manipulation in Texas Don’t Impress

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 ImpressMore Allegations of Gas Market Manipulation in Texas Don’t Impress

Illinois State Legislators Say “Freeze”

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”

Samuel Alito: Rockin’ Steady?

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”: [15] Becker & Russakoff, supra note 13, available at 2006 … More Samuel Alito: Rockin’ Steady?More Samuel Alito: Rockin’ Steady?