September 2007

FERC Issues Report on Demand Response and Advanced Metering

Electricity, Energy markets, Politics / By

Michael Giberson The Federal Energy Regulatory Commission has released its second annual report on electric power demand response and advanced metering. According to a news release issued on Friday: Demand response and advanced metering programs have grown significantly over the past year, according to a new Federal Energy Regulatory Commission report that charts progress in …

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It is Easy to Create a Prediction Market at Inkling – See My New Women’s World Cup Prediction Market

How cool is this?, Professional sports / By

Michael Giberson I just set up a market for predicting the winner of the Women’s World Cup 2007 tournament, which is kicking off in China this weekend and wrapping up on September 30. (Women’s football/soccer.) Took me about 45 or 50 minutes, start to finish. A lot of it was just cut-and-paste team names and …

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Extending Copyright to Fashion Designs

1 Comment / Economics / By

Lynne Kiesling Jacob Sullum has a choice post on intellectual property, copyright, and fashion designs, one of my pet issues. Technological change is behind the pressure that fashion designers are creating to bring their work under copyright: Now that photographs of Fashion Week models are available immediately for analysis by software that allows overseas factories …

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Epsa Offers Comments on the Cato Electric Power Restructuring Editorial

Electricity, Energy markets, Liberty, Politics / By

Michael Giberson EPSA, an industry trade association for independent power generators, has also posted comments in response to the Jerry Taylor and Peter Van Doren editorial on electric industry restructuring. Given that their members are non-utility generators, you can imagine that they wouldn’t be too excited about the Taylor/Van Doren view that vertical integration is …

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Cato’s Jerry Taylor Responds to My Provocation

1 Comment / Electricity, Energy markets, Liberty, Politics / By

Michael Giberson Jerry Taylor of the Cato Institute gives a thoughtful response to my criticisms of his editorial in the WSJ (with Peter Van Doren). He identifies two substantive arguments in my criticism and offers rebuttals, then he takes issue with my assertion that the editorial is little more than an implicit defense of the …

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Has Wholesale Power Competition Increased Efficiency at Generating Plants?

2 Comments / Economics, Electricity / By

Michael Giberson A forthcoming American Economic Review article was noted online by US News & World Report: Over the past two decades, huge swaths of the economy have been deregulated, from banking to electricity to airlines. But has competition increased efficiency? In a paper forthcoming in the American Economic Review, a group of academics from …

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James Grimmelmann on Errors Published in the New York Times

1 Comment / Humor, Networks / By

Michael Giberson Quoting Grimmelmann: First off, the Times pleads its inability to re-report every challenged story. Fair enough…. It’s one thing not to revisit stories as new information becomes available. (The Times isn’t Wikipedia, after all, and we shouldn’t hold it to the same higher standards of timeliness.) But it’s something else not to append …

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Cato Institute Writers Lament the Unfortunate Loss of Vertical Integration in Electric Power Industry

Electricity, Energy markets, Liberty, Politics / By

Michael Giberson Thursday’s Wall Street Journal carried an essay by the Cato Institute’s Jerry Taylor and Peter Van Doren, “Short-Circuited” (available free via Cato): After a pretty good 30-year run, deregulation is on the political ropes. Although loosening the shackles on banking, trucking, and airlines delivered lower prices, robust competition and political applause, it hasn’t …

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David Eisenthal’s Final Look at His Massachusetts Fifth Congressional District Democratic Primary Prediction Market

Economics, Politics / By

Michael Giberson At The Eisenthal Report, market manager David Eisenthal provides an update on the Massachusetts Fifth Congressional District Democratic Primary Prediction Market that he set up at Inkling: At various times, Rep. Barry Finegold (D – Andover), Rep. Jamie Eldridge (D – Acton), and Niki Tsongas have all led the field. As the election …

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