Lynne Kiesling As Mike said last week, the summer “doldrums” have been in force in KP-land. I have been working on a research project unrelated to electricity, which I’ll be willing to share soon, so there will be more to come on that … and frankly, I’m so disappointed (but not surprised) in the direction …
Michael Giberson Tres Amigas, as seen by their hometown newspaper The Santa Fe New Mexican, “Supersized power hub in southeastern N.M. to link 3 major U.S. grids“: Phil Harris is masterminding an electricity superhighway — a facility near Clovis that will connect the nation’s three main power grids for the first time. The Tres Amigas …
Michael Giberson The upcoming highly publicized, somewhat politicized release of the Chevy Volt is attracting some unfavorable attention because of the significant dealer markup that at least some Chevrolet dealers are seeking. Edmunds AutoObserver reports being asked for $20,000 for the dealer in addition to the MSRP of $41,000. Around automotive blogs, the phrase “price …
Lynne Kiesling Megan McArdle offers an essay assignment: Pascal Emmanuel-Gobry has an essay question: Tainter’s story goes like this: a group of people, through a combination of social organization and environmental luck, finds itself with a surplus of resources. Managing this surplus makes society more complex–agriculture rewards mathematical skill, granaries require new forms of construction, …
Michael Giberson …yes: cocoa market manipulation says Craig Pirrong. He comes to that conclusion after his examination of price movements in cocoa markets revealed all the fingerprints of a classic squeeze. In brief, Pirrong compared July London cocoa prices against September and November London prices and July New York prices over a period from January …
Cocoa Market Manipulation? The Evidence Suggests… Read More »
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.
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)?” …
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