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?
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 Barked … More Baltimore Sun Columnist on Pjm: Let’s See Why Grid Watchdog Barked
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”
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.