Rggi Auction Design Flaw: Separate Sealed-bid Auctions for Substitute Goods Poses Needless Risks for Bidders

Michael Giberson The RGGI auction design final report released in October 2007, which contains the proposed auction design for the sale of RGGI CO2 permits, overall presents a thorough examination of the market design problem and a well-thought out justification for their final design proposal. There is, however, one serious flaw that threatens the efficiency … More Rggi Auction Design Flaw: Separate Sealed-bid Auctions for Substitute Goods Poses Needless Risks for BiddersMore Rggi Auction Design Flaw: Separate Sealed-bid Auctions for Substitute Goods Poses Needless Risks for Bidders

Lyric/Glyndebourne Production of Handel’s Julius Caesar: Best.Opera.Ever

Lynne Kiesling Today my head is full of music, not economics (OK, most days my head is full of music …). Last night we saw Handel’s Julius Caesar in Egypt (Giulio Cesare in Egitto) at the Lyric. It’s the Lyric premiere of the David McVicar production from Glyndebourne in England. Wow. I was transfixed for … More Lyric/Glyndebourne Production of Handel’s Julius Caesar: Best.Opera.EverMore Lyric/Glyndebourne Production of Handel’s Julius Caesar: Best.Opera.Ever

More on Airport Congestion

Michael Giberson Francisco Torralba, on his EconWeekly blog, writes on Hubs, spokes and flight delays and How to eliminate flight delays, now. Torralba: The US Federal Aviation Administration (FAA) is bent on fixing flight delays. To that end, the agency proposes to cap traffic at JFK…. Mandatory caps can get the job done, but we … More More on Airport CongestionMore More on Airport Congestion

FCC Auction Design: An Assessment of 12 Years of Fcc Experimentation

Michael Giberson David Porter and Vernon Smith have put together an assessment of the FCC’s 12 years of experience with spectrum auction design, forthcoming in the Journal of Law Economics and Policy. From the introduction: Recent policy discussions regarding broadband Internet access have revived debates about various methods for allocating electromagnetic spectrum rights and the … More FCC Auction Design: An Assessment of 12 Years of Fcc ExperimentationMore FCC Auction Design: An Assessment of 12 Years of Fcc Experimentation

Baking Soda for Carbon Sequestration?

Lynne Kiesling A company called Skyonic is using sodium hydroxide to turn carbon dioxide into baking soda, with chlorine and hydrogen as by-products; the process captures 90 percent of the carbon dioxide coming out of smoke stacks and mixes it with sodium hydroxide to make sodium bicarbonate, or baking soda. The energy required for the … More Baking Soda for Carbon Sequestration?More Baking Soda for Carbon Sequestration?

Eu Disputes Allegation of Double Counting of Carbon Emission Permits

Michael Giberson Environmental markets consultancy E3 International released a report a few days ago indicating that many tradable permits were retired more than once in the EU carbon emission trading program: E3 International (E3) has analysed all the serial numbers of carbon allowances surrendered to date by liable participants in the EU Emissions Trading Scheme … More Eu Disputes Allegation of Double Counting of Carbon Emission PermitsMore Eu Disputes Allegation of Double Counting of Carbon Emission Permits

Separating Cheap Talk from Truly Held Beliefs

Michael Giberson In his book, Plight of the Fortune Tellers, Riccardo Rebonato describes how an invitation to bet can be used to separate cheap talk from truly held beliefs (and, in the process, ruin an otherwise engaging dinner conversation). In the early to mid 1990s in the United Kingdom and in other European countries a … More Separating Cheap Talk from Truly Held BeliefsMore Separating Cheap Talk from Truly Held Beliefs

Methane-absorbing Microbes

Lynne Kiesling From New Zealand, a newly-discovered bacterium that lives at high temperatures and eats methane. Is it possible to add them to landfills without creating invasive species problems? Maybe. Still, quite interesting. Thanks to Slashdot for the link. … More Methane-absorbing Microbes

Power Play: News Series Examines Texas Electric Power Industry Restructuring

Michael Giberson Marty Schladen, a reporter for The Daily News out of Galveston, Texas, has a four-part series on the state’s electric power restructuring. I’ve only just read the third article which offers a thumbnail sketch of the career of Samuel Insull (with unusual depth and context for a newspaper article): Insull revolutionized the electricity … More Power Play: News Series Examines Texas Electric Power Industry RestructuringMore Power Play: News Series Examines Texas Electric Power Industry Restructuring

Property Rights in “Californication”

Lynne Kiesling Here’s an interesting development: one of my favorite bands, Red Hot Chili Peppers, are suing Showtime for calling their new show starring David Duchovny “Californication”: “Californication is the signature CD, video and song of the band’s career, and for some TV show to come along and steal our identity is not right,” the … More Property Rights in “Californication”More Property Rights in “Californication”