Market Design As Applied Hayekian Insight

Michael Giberson [PREAMBLE: This post is a follow-up to Lynne’s recent post, “Reconciling A Hayekian/Organic Approach With ‘Designing’ Markets.” If you haven’t already read it, I recommend reading it first. Otherwise, when I get to the part of my post where I say, “I liked D. F. Linton’s question and I liked Lynne’s answer, too,” … More Market Design As Applied Hayekian InsightMore Market Design As Applied Hayekian Insight

More Exercise: Udder Century Bike Ride

Lynne Kiesling Then on Sunday the KP Spouse and I did the McHenry County Bicycle Club’s Udder Century Invitational with a friend of ours. We did the metric century, 62 miles, which was plenty after my triathlon exertions on the previous day. McHenry County has lots of lovely, rolling countryside, and great biking roads. The … More More Exercise: Udder Century Bike RideMore More Exercise: Udder Century Bike Ride

Race Report: Tri-shark

Lynne Kiesling We had a sporty weekend here in KP land … on Saturday I participated in the Tri-Shark sprint triathlon outside of Bloomington, Illinois. Here’s an action shot: The race is well-organized and the course is beautiful; Dawson Lake in Moraine View State Park is great for swimming, the bike course has some lovely … More Race Report: Tri-shark

Reconciling A Hayekian/organic Approach With “Designing” Markets

Lynne Kiesling In the comments to my carbon market post from Friday, D. F. Linton asks this very good question: How does one invoke Hayek in one breath and the speak of “designing” a market in the next while keeping a straight face? Good question, and one I struggle with every day as an economist … More Reconciling A Hayekian/organic Approach With “Designing” MarketsMore Reconciling A Hayekian/organic Approach With “Designing” Markets

Markets for Kidney Transplants

Michael Giberson Last week, a Dutch “reality” show was announced in which three patients in need of a kidney transplant would compete to acquire a kidney to be given by a living donor. The proposal generated a storm of commentary, for and against, only to be revealed as a hoax of sorts, a publicity stunt … More Markets for Kidney TransplantsMore Markets for Kidney Transplants