How Important Will Plug-in Hybrids Be?

Lynne Kiesling To answer my own question: dunno. But the technology has a lot of promise. The Wikipedia entry on plug-in hybrid vehicles” is a thorough and well-cited background on the technology and its potential. In particular, of course, I am interested in the vehicle’s intersection with the electric power network: PHEVs and fully electric … More How Important Will Plug-in Hybrids Be?More How Important Will Plug-in Hybrids Be?

Sports Betting with Furniture, II

Michael Giberson Yesterday, NPR’s All Things Considered ran a story on the Jordan Furniture Red Sox promotion that we discussed here earlier. An excerpt: So with the Red Sox and the Colorado Rockies now facing off in the World Series, some of the couch potatoes watching from home are rooting to win the very couches … More Sports Betting with Furniture, IIMore Sports Betting with Furniture, II

Blogger Vanity Posting

Michael Giberson From the Economist‘s Free Exchange blog, on blogging: [W]e should expect those with strong resumés but lackluster ideas to abstain from extensive blogging, while those whose critical and analytical skills run ahead of the experience and education categories on their CVs should embrace blogging as a means to signal their exceptional fitness. We … More Blogger Vanity PostingMore Blogger Vanity Posting

Zitzewitz Asks: Is Sports Betting Legal if You Bundle It with Furniture?

Michael Giberson At Midas Oracle, Eric Zitzewitz asks, “Is sports betting legal if you bundle it with furniture?” A furniture retailer in Boston offered furniture that would be free to customers purchasing a mattress, dining table, sofa, or bed between March 7 and April 16, if it turned out that the Red Sox won the … More Zitzewitz Asks: Is Sports Betting Legal if You Bundle It with Furniture?More Zitzewitz Asks: Is Sports Betting Legal if You Bundle It with Furniture?

California Fires

Lynne Kiesling My best wishes and good vibes to those in the fire zone in California. I hope the winds calm down soon. The thing that really disgusts me is that three of the San Diego fires were set intentionally by an arsonist. What kind of sick person does that? … More California Fires

Airlines Prefer Customers Take Delay Risks Rather Than Face Market Mechanisms to Allocate Capacity at Jfk, Other Congested Airports

Michael Giberson A New York Times article reports on negotiations initiated by the U.S. Department of Transportation seeking to get airlines to voluntarily give up landing slots at Kennedy Airport, one of the nation’s most congested airports. (Many other stories on this topic are available.) After a pep talk by the secretary of transportation, Mary … More Airlines Prefer Customers Take Delay Risks Rather Than Face Market Mechanisms to Allocate Capacity at Jfk, Other Congested AirportsMore Airlines Prefer Customers Take Delay Risks Rather Than Face Market Mechanisms to Allocate Capacity at Jfk, Other Congested Airports

News Story Blames Inadequate Regulation for Excess Commodity Speculation, Trading Losses, Higher Energy Bills

Michael Giberson The Sunday Washington Post carried a front page story on the “slight oversight” of energy trading. Here’s the lede: One year ago, a 32-year-old trader at a giant hedge fund named Amaranth held huge sway over the price the country paid for natural gas. Trading on unregulated commodity exchanges, he made risky bets … More News Story Blames Inadequate Regulation for Excess Commodity Speculation, Trading Losses, Higher Energy BillsMore News Story Blames Inadequate Regulation for Excess Commodity Speculation, Trading Losses, Higher Energy Bills

The Nobel Prize in Economics and the Usual Less Than Noble Complaints

Michael Giberson It happens every year. The Nobel prize in economics is announced, the prize winner is delighted, as are his colleagues, his department, his university, newspaper articles get written and published. And then, before the papers hit the recycling bin, the complaints begin. This year the New York Times captures some of the complaints … More The Nobel Prize in Economics and the Usual Less Than Noble ComplaintsMore The Nobel Prize in Economics and the Usual Less Than Noble Complaints

Arnold Kling Imagines

Michael Giberson Arnold Kling writes, “After reading his book One Economics, Many Recipes, I keep imagining myself debating Dani Rodrik…and losing.” Among other things, Kling suggests Rodrik offers “industrial policy with an Austrian slant” — he quotes Rodrik’s book as saying “the right way of thinking of industrial policy is as a discovery process–one where … More Arnold Kling ImaginesMore Arnold Kling Imagines

Al Roth’s “The Art of Designing Markets”

Michael Giberson Want to learn more about market design? Al Roth has an article, “The Art of Designing Markets,” in the October 2007 edition of the Harvard Business Review. The article is available to subscribers online, or perhaps you can find it at your local bookstore. The introduction: Traditional economics views markets as simply the … More Al Roth’s “The Art of Designing Markets”More Al Roth’s “The Art of Designing Markets”