What Implications for Prediction Markets from the Nymex V. Intercontinentalexchange Case?

Michael Giberson I’ve followed up the long post on the NYMEX v. IntercontinentalExchange decision here with a post on Midas Oracle in which I contemplate potential adverse consequences for some prediction markets (or, indeed, anyone publishing market data for which they assert copyright). An excerpt: While some caveats would emerge in a longer discussion, a … More What Implications for Prediction Markets from the Nymex V. Intercontinentalexchange Case?More What Implications for Prediction Markets from the Nymex V. Intercontinentalexchange Case?

Baltimore Sun Columnist on Pjm: Let’s See Why Grid Watchdog Barked

Michael Giberson As noted here previously (PJM Wants to Reorganize Market Monitoring Unit, Move On), PJM has filed a proposal with FERC to reorganize its market monitoring unit, hoping to quell controversy and settle a pair of complaints filed against the grid operator earlier this year. Not so fast, say Baltimore Sun columnist Jay Hancock. … More Baltimore Sun Columnist on Pjm: Let’s See Why Grid Watchdog BarkedMore Baltimore Sun Columnist on Pjm: Let’s See Why Grid Watchdog Barked

Greg Clark’s “A Farewell to Alms”

Lynne Kiesling Anything Greg Clark writes is worth reading, even if you don’t agree with his hypotheses or his conclusions. His new book, A Farewell to Alms, explores industrialization in detail and offers some novel hypotheses for why industrialization happened when, where and how it did. I have not yet read it, but I certainly … More Greg Clark’s “A Farewell to Alms”More Greg Clark’s “A Farewell to Alms”

What is a Price? The Courts Think They Know; The Courts Are Wrong.

Michael Giberson A fact? An opinion? A creation? An idea? What kind of thing is a price? Perhaps too philosophical for you this morning. Try the question this way: Is the NYMEX’s report of daily futures contract prices like a phone book, like the census taker’s count of population in an area, or more like … More What is a Price? The Courts Think They Know; The Courts Are Wrong.More What is a Price? The Courts Think They Know; The Courts Are Wrong.