Trademark protection gone wrong, U.S. Olympic Committee edition

Lynne Kiesling The U.S. Olympic Committee is starting to beat the drum for the London 2012 Olympics, 36 days to go! But their long-standing aggressive enforcement of their “Olympic” trademark has alienated an unlikely group of potential Olympics fans and TV viewers: knitters. Yes, knitters (of which I am one). At the knitting social network … More Trademark protection gone wrong, U.S. Olympic Committee edition

More frontiers in dynamic pricing: New York parking

Lynne Kiesling Felix Salmon has a very nice microeconomic analysis of a proposal for New York to lease out its parking meters and facilities to a concessionaire, with a contingent contract based on the lessee’s implementation of dynamic pricing. A sample of what makes the analysis good: The masters of variable pricing, of course, are … More More frontiers in dynamic pricing: New York parking

Experimentation, Jim Manzi, and regulation/deregulation

Lynne Kiesling Think consciously about a decision you contemplated recently. As you were weighing your options, how much did you really know that you could bring to bear, definitively, on your decision? Was the outcome pre-determined, or was it unknown to you? For most of the decision-making situations we confront regularly, we don’t have full … More Experimentation, Jim Manzi, and regulation/deregulation

“Free Market Fairness” and self-authorship

Lynne Kiesling [NOTE: The following is an economist’s musings about philosophy, so if my philosopher friends can flesh out my argument and identify errors I’d be grateful. Also, this post is meant for you if you are interested in electricity regulation, so don’t just mark it as read because it’s philosophy ;-)! –LK] Although I … More “Free Market Fairness” and self-authorship

Frontiers in dynamic pricing: spot advertising auctions

Lynne Kiesling According to this Ars Technica story (and a linked Bloomberg article), Facebook is going to offer a new advertising model to its potential advertisers: a spot auction for real-time ads based on changes in current events or time-sensitive things like sporting event results. The service, called Facebook Exchange, will use partnerships with other … More Frontiers in dynamic pricing: spot advertising auctions

Poor market design causing high prices in Diablo III auction house?

Michael Giberson  I don’t play Diablo III, but I do follow price gouging discussions online, which led me to this post on the Diablo III discussion forum: “Auction House and Price Gouging.” The initial complaint comes from a player trying to equip a new character through purchases in the Auction House, an in-game player-to-player trading mechanism, and … More Poor market design causing high prices in Diablo III auction house?