Yes, KP is alive…

Michael Giberson As the just published blog post suggests, yes the Knowledge Problem blog is alive!  The summer doldrums struck the blog (while the blog authors were gallivanting hither and yon or otherwise engaged).  As the gallivanting and engagements are mostly done for the summer, blogging resumes.

Coasian bargaining on wind turbine noise

Michael Giberson Preston McAfee and Tracy Lewis introduce Coasian bargaining in their economics textbook with the question, “Can I just bribe my neighbor to stop being annoying?”  The complementary question, perhaps asked by the neighbor in question, “Can I just bribe my neighbor to stop being annoyed (or at least not to complain about me)?” … More Coasian bargaining on wind turbine noise