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.