Day: January 10, 2007

Frank Self-Knowledge From A Chicago Politician

January 10, 2007

Lynne Kiesling The big story in Chicago for the past few days has been the FBI storming of Alderman Arenda Troutman’s office to arrest her on bribery charges. Chicago politics always has some aspect of theater to it, and this instance is no exception. But what is exceptional is her frank honesty: Troutman, 49, was … More Frank Self-Knowledge From A Chicago Politician … More Frank Self-Knowledge From A Chicago Politician

David Beckham to Mls?

January 10, 2007

Lynne Kiesling BBC Sport reports that David Beckham will not renew his contract at Real Madrid. What probability do you assign to his playing in the MLS next season? I assign a very high probability. Several European stars have ended their careers in the MLS (I think of it as a combination of level of … More David Beckham to Mls? … More David Beckham to Mls?

NYT on Electricity: Metering and Asymmetric Information in Retail Markets

January 10, 2007

Lynne Kiesling Monday’s front-page article on electricity metering and pricing by David Cay Johnston highlights two important developments in modernizing electricity policy. One overarching theme in the article is that markets cannot function up to their potential when buyers and sellers face systematic asymmetric information. In the case of electricity, retail customers do not see … More NYT on Electricity: Metering and Asymmetric Information in Retail Markets … More NYT on Electricity: Metering and Asymmetric Information in Retail Markets