Research Roundtable on Innovation

Lynne Kiesling Geez, do I feel like a blog binge-purge bulimic … I get on a roll and then I’m in radio silence. In large part that’s because I’m still digging out from my work backlog while I focused on my book manuscript and the the Texas edited volume and conference. The next couple of … More Research Roundtable on InnovationMore Research Roundtable on Innovation

Am I a Pathetic Late Adopter, or Just a Curmudgeon?

Lynne Kiesling I pride myself on being a version 2.0 adopter, an early-but-not-bleeding edge adopter. I’m also a happy Mac user. Why, therefore, have I (of all people!) not bought an iPhone? Grant McCracken’s recent musings on his newly-acquired iPhone are what prompt my question: The question is “what took me so long?” My wife … More Am I a Pathetic Late Adopter, or Just a Curmudgeon?More Am I a Pathetic Late Adopter, or Just a Curmudgeon?

How Do You Know if a Prediction Market is Any Good?

Michael Giberson If you have a long political memory — say going back about two weeks, which now seems like ages ago — you might remember the furor over the “failure” of polls and prediction markets when Hillary Clinton won the New Hampshire Democratic primary. Prediction markets, the boastful new kid on the block, were … More How Do You Know if a Prediction Market is Any Good?More How Do You Know if a Prediction Market is Any Good?

What Institutional Framework for Electric Power Transmission?

Michael Giberson From the EU Energy Policy Blog, Thomas-Olivier LĂ©autier contemplates the factors that contribute to efficient investment and management of transmission systems: As power engineers and economists have known for a long-time, the transmission grid is essential to the operation of well-functioning electric power markets. Yet, grid expansion in several regions has been nil … More What Institutional Framework for Electric Power Transmission?More What Institutional Framework for Electric Power Transmission?

Texas Electric Choice: The Power is Yours. Use It.

Lynne Kiesling I declare our conference on the experience of electricity restructuring in Texas on Friday at AEI a success! In regulatory policy analysis we usually don’t do a good job of telling the stories of successful institutional change, so I thought it was really important to highlight the Texas experience so that other regulatory … More Texas Electric Choice: The Power is Yours. Use It.More Texas Electric Choice: The Power is Yours. Use It.

Deregulation, Innovation, and Market Liberalization: Electricity Regulation in a Continually Evolving Environment

Lynne Kiesling I am pleased to announce that I delivered my book manuscript to the publisher a week and a half ago. Here’s a teaser: Economic growth and technological change have brought the electric industry and its regulation to a crossroads. Technological change from outside the industry has prompted changes in both regulatory institutions and … More Deregulation, Innovation, and Market Liberalization: Electricity Regulation in a Continually Evolving EnvironmentMore Deregulation, Innovation, and Market Liberalization: Electricity Regulation in a Continually Evolving Environment

Lysander Spooner Bicentennial

Lynne Kiesling Randy Barnett reminds us that January 19 was the bicentennial of Lysander Spooner’s birth. His post has pictures, and cake, and useful links to background on Spooner for those of you not familiar with him. He was a stalwart in the early American republic. I love that his tombstone reads “Champion of Liberty”. … More Lysander Spooner BicentennialMore Lysander Spooner Bicentennial

Market Power in Maryland Power, and Other Economics Stories in the News

Michael Giberson Columnist Jay Hancock of the Baltimore Sun takes note of a complaint filed at FERC by the Maryland Public Service Commission that alleges local market power in PJM’s wholesale power market added $87.5 million to energy costs in the state. Hancock provides a link to the complaint at FERC for the curious. Also … More Market Power in Maryland Power, and Other Economics Stories in the NewsMore Market Power in Maryland Power, and Other Economics Stories in the News

Geeky Friday Fun: Chocolate Chips Are Distributed Poisson

Lynne Kiesling Did you know that the numerical distribution of chocolate chips in commercially baked cookies is Poisson? … More Geeky Friday Fun: Chocolate Chips Are Distributed Poisson

Upcoming Aei Conference: Texas Electricity Restructuring

Lynne Kiesling My colleague Andy Kleit and I are co-editing a book on electricity restructuring in Texas: A number of states have recently sought to increase competition in the electricity industry to drive down prices, increase supply, and improve service quality. Yet in the aftermath of the rolling blackouts and power shortages that afflicted California … More Upcoming Aei Conference: Texas Electricity RestructuringMore Upcoming Aei Conference: Texas Electricity Restructuring