Lynne Kiesling In 1983 Bruce Yandle wrote an influential article in Regulation, “Bootleggers and Baptists: The Education of a Regulatory Economist”. His model explains how two parties with seemingly incongruent values can come together to get a regulation passed that meets the objectives of both parties. In the bootlegger and Baptist case, both parties benefit …
The Continuing Relevance of the Bootlegger-And-Baptist Model Read More »
Lynne Kiesling For the past couple of years the British government has been extremely aggressive in installing surveillance cameras — CCTV on high streets, speeding cameras on highways, and so on. If you are a typical British citizen, your actions are captured on camera hundreds of times a day, and you can be watched with …
British Government Desire for Surveillance Expropriates Private Property Read More »
Lynne Kiesling [sorry for the pun-ed.] In doing my morning reading I find posts at EconLog from both Arnold Kling and David Henderson that are in line with my thoughts on government bailouts and increasing anger and frustration. Arnold says Starting last September, our country has gone through six months that shook the world. We …
Lynne Kiesling Count me in as a taxpayer, mortgage holder, and economist who thinks that the Obama mortgage bailout program is bad policy-it’s expensive with little obvious benefit, it creates bad incentives and ex post rewards bad decisions (bad decisions that were abetted by bad government policy), and it’s morally reprehensible. Peter Klein’s remarks on …
Lynne Kiesling I’m pleased to report that EcoAlign, the marketing arm of the Distributed Energy Financial Group, has issued a white paper I wrote, “Markets, Technology and Institutions: Increasing Energy Efficiency Through Decentralized Coordination”. From the press release: EcoAlign, a strategic marketing agency focused on energy and the environment, has released the second report in …
A New Paper from Me: Increasing Energy Efficiency Through Decentralized Coordination Read More »
Michael Giberson Unlike Lynne, I don’t Twitter. (No Facebook or Myspace, either. I don’t text from my phone – well, only to reply when my kids text me first; I used to IM, but I don’t anymore.) I do have a LinkedIn profile, but other than blogging here and responding to the occasional email, that …
Michael Giberson So low, and yet so high. It seems to be the way consumers feel about gasoline prices these days. Yes, prices are down compared to a year ago, but everyone knows that crude oil prices have been going down lately while gasoline prices are up from their December 2008 lows. From The Mercury …
Why Are Gasoline Prices So High? (February 2009 Version). Read More »
Lynne Kiesling I just participated in distributed information newsmaking history, and it’s really, really cool. A little background: I’ve been on Twitter for a few months, initially as a way to talk with a couple of friends. But then I found Team Slipstream and Lance Armstrong on Twitter, and from there just kept adding cyclists …
Lynne Kiesling I hope you’ve all seen P.J. O’Rourke’s Financial Times column from last week on what Adam Smith would have to say about our current economic and financial events. Adam Smith was one of the most astute observes of human nature ever, and applied those insights well to analyses of incentives and political institutions. …
The truth about predictions markets
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