Michael Giberson At Slate, Chris Wilson advances the idea that the best way to win your local NCAA basketball pool is “to look for situations where the national bracket values a team much higher than the objective statistics.” By betting on the undervalued teams you are more likely to come out ahead. In the past …
Michael Giberson At the Streetwise Professor, Craig Pirrong finds that the current political flap over AIG bonuses well illustrates the value of rules over discretion. His conclusion matches my view: “Several hundred million dollars is a lot of money. But it pales in comparison to the amount that would be lost by undermining contracts and …
Michael Giberson Wind power has been subsidized by state and federal governments in the United States because it is seen as clean and renewable, and perhaps even because wind power is seen as glamorous. Consumers pay higher electric rates and taxpayers pay higher taxes to support these subsidies, and it is a quite reasonable public …
Environmental Benefits and the Production Tax Credit for Wind Power Read More »
Michael Giberson As Lynne just noted, this week Chicago is hosting GridEcon, a conference on smart grid economics. Meanwhile, in Washington, D.C., the agenda for the Federal Energy Regulatory Commission meeting this week indicates that the Commission will be issuing a policy statement on smart grid policy. No preliminary statements have been made under the …
Lynne Kiesling Today and tomorrow I will be at GridEcon in Chicago! As one of the co-organizers I am making some opening remarks: I am very happy to welcome you all to what I hope is the first annual GridEcon conference. As you all know, we are in the midst of a crucial time for …
Lynne Kiesling OK, folks, I just took the plunge and registered for the Chicago Half Marathon in September! Running has always been the weakest of the sports in which I participate, so I’ll be happy to get some moral support here and there. I’ve never run longer than 8 miles in a race, or even …
Lynne Kiesling UPDATE: Thanks to the commenter who alerted me that I mis-labeled my graph, and that equilibrium B should be at the intersection of S’ and D’. I may not get to update the graph Monday, my apologies. There’s been an interesting discussion going on this week building off of a Sean Casten post …
Michael Giberson William Tucker, author of “Terrestrial Energy: How Nuclear Power Will Lead the Green Revolution and End America’s Long Energy Odyssey,” has an essay in today’s WSJ pinning the U.S. nuclear waste problem on decisions by Presidents Ford and Carter to abandon reprocessing of spent nuclear fuel. The reasons for abandoning reprocessing – mostly …
Also in the Wsj: “There is No Such Thing As Nuclear Waste” Read More »
Michael Giberson Carbon tax and cap-and-trade fun, courtesy of the Wall Street Journal editorial page and bloggers at Common Tragedies. In brief: on Monday the WSJ lead editorial complained about the distributional effects of cap-and-trade, correctly noting that the effect of pricing carbon would depend on consumption but misleadingly illustrated with a chart based on …
Because It is Not News Until It is on Comedy Central; Or, Carbon Taxes Their Brains Read More »
Lynne Kiesling I am attending a meeting of the Harvard Electricity Policy Group today and tomorrow, and am speaking on a panel about smart grid this afternoon. Thus I’m going to take this opportunity to clear some of my long-open browser tabs and offer up a selection of the readings I’ve found most interesting in …
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