Michael Giberson In my just published post on zone pricing, I noted a newspaper story from New York which suggests that the recently enacted ban on zone prices was equalizing gasoline prices, at least around Rochester. To quote myself: Meanwhile, in neighboring New York, a newspaper story from suburban Rochester suggests that the state’s new … More Is the zone pricing ban raising average gasoline prices in New York?
Michael Giberson From the website of Livvy Floren, Greenwich state representative and Assistant Republican Leader in the Connecticut House of Representatives, “Greenwich Delegation Calls for Ban on Zone Pricing of Gas“: HARTFORD- Greenwich State Reps. Livvy Floren (R-149), Lile Gibbons (R-150) and Fred Camillo (R-151) are dismayed the state legislature refuses to address the issue … More Legislators from wealthy Fairfield County, Connecticut hope a zone pricing ban will save constituents money
Lynne Kiesling My article on smart grid from the June print edition of Reason is now available online. Here’s the conclusion for a bit of a teaser: The obsolete electro-mechanical electric power network, built by and for a monopoly industry, cannot support the kind of growth experienced during the last 20 years in so many … More My smart grid article in Reason
Lynne Kiesling I talk to a lot of different folks with different backgrounds in economics. Perhaps it’s because of the specific and arcane nature of “utility economics”, but many of the folks I meet think of economics as being very focused on forecasting, financial analysis, and quantitative estimates of various investments, rate/tariff policies, etc. Frankly, … More What is economics, exactly?
Lynne Kiesling Here are a couple of interesting and related articles on urban dynamism and what economists call economies of agglomeration. Digital communication technology was supposed to reduce those economies of agglomeration, right? We can work from anywhere, don’t have to be physically co-located, and that includes developing countries too … so, as Ed Glaeser … More Glaeser and Florida on urbanization, and Nashville’s lure
Michael Giberson Auctions, especially auctions of government property, are not a tool of the rich… As principles of market design become more thoroughly articulated and widely understood, the sphere of governmental discretion will shrink. More and more, politicians will be forced to play by the rules. That’s David Warsh writing on the relationship between the … More Auctions as tools to limit government discretion