Lynne Kiesling I hope all of you economists out there are following the current brouhaha between Amazon and the publisher Macmillan, because the number of fascinating economics issues is stunning. In brief, Macmillan is one of the publishers working with Apple on the iPad and Apple’s ebook store. At the same time (I remain agnostic … More Publishers and ebooks: innovation, DRM, and resale price maintenance
Lynne Kiesling While I’m out reading around … Jonathan Adler asks “Who remembers the Housemartins?” I do, I do! I actually liked them better than their Beautiful South spinoff, although both have a dark humor and a tight, jangly, pop-y vibe that was one of my favorite themes in British music in the 1980s. Sadly, … More Adler on the Housemartins: Sunday Song Lyric
Lynne Kiesling Just a quick note to bring your attention to, and endorse, the point Don Boudreaux made in a recent letter to the editor of the Washington Post: To the extent that trade – both national and international – is restricted, incumbent capitalists are shielded from what Joseph Schumpeter called the “gale of creative … More Boudreaux on populism and corporatist capitalism
Michael Giberson After over 90 years of operating in competition with a rival electric utility in town, late last year Lubbock Power & Light and Xcel announced a deal in which municipal electric utility LP&L would buy out Xcel’s distribution assets and customer accounts in the city for $87 million, leaving LP&L as a monopoly … More How valuable will a monopoly be to Lubbock Power & Light?