January 2011

When Helping Hurts: Randomized Experiment Shows Free Legal Aide Delays Unemployment Benefits

Michael Giberson Learning from randomized controlled experiments: apparently free legal representation provided by the Harvard Legal Aide Bureau tended to delay (by about two weeks on average) receipt of unemployment benefits among a group of claimants appealing an initial disallowance of their unemployment claims.  Representation had no effect on the likelihood of a claimant succeeding …

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Rob Bradley Jr. Wishes His Organization Was Smaller and His Work Was Less Valuable

Michael Giberson The world has plenty of empire builders, but Rob Bradley Jr. – founder and CEO of the Institute for Energy Research – apparently isn’t one of them. He wishes IER were smaller and his work was less relevant.  At his blog, MasterResource, Bradley has posted an interview of him done by Stephen Hicks, …

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Would Granting Futures Exchanges CopyRight Protection for Prices Deter Some Market Manipulation?

Michael Giberson In New York Mercantile Exchange Inc. v. IntercontinentalExchange Inc., the U.S. Court of Appeals, Second Circuit denied NYMEX copyright protection for its settlement prices. The decision turned on application of the merger doctrine in copyright law, which governs cases in which the expression of an idea is so completely linked to the idea itself …

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The Tsa’s Wholesale Violation of Our Civil Rights, Including Economic Liberty

Lynne Kiesling I have been a too-silent opponent of the Patriot Act’s authorization of invasive surveillance in the name of national security. One of the consequences of that authorization has been the growth of the Department of Homeland Security and, under it, the formation and growth of the TSA. Those of us who travel frequently …

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An Example of Ways Poorly Constructed Markets Can Fail

Michael Giberson From the Mim’s Bits column in the MIT Technology Review: “How Mechanical Turk is Broken Why the world’s most famous outsourcing hub for tiny tasks is littered with spam and shoddy workmanship.” Mechanical Turk (MTurk) is Amazon’s site for linking companies seeking small web-based tasks requiring at least a bit of human intelligence …

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My Grid-interop Talk: Regulation’s Role in Stifling Innovation

Lynne Kiesling In early December I had the pleasure of delivering some lunch remarks at the Grid-Interop conference in Chicago. Grid-Interop is a great place for those interested in innovation in the electricity industry to share ideas about technology, business models, the interoperability that enables such creativity, and the role of economic regulation in how …

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Macroeconomic Implications of Residential Electricity Consumption

Lynne Kiesling At Grist, Sean Casten muses on the macroeconomic implications of trends in electricity consumption. His musings focus on the established correlation between electricity consumption and economic activity, an association that he fleshed out in an earlier post. In these two posts he looks at trends in residential, commercial, and industrial electricity consumption over …

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Energy News and Outlook: Meet the New Year, Same As the Old Year

Michael Giberson A handful of energy news stories and commentary on the energy outlook: John Tierney’s energy resource optimism and James Hamilton’s response at Econbrowser. I like the response of the first commenter, Ricardo, to Hamilton: “It is not that crude oil will be with us forever but that energy sources will always give us …

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