Chicago’s National Public Radio affiliate, WBEZ, started their fall/winter pledge drive earlier this week. As usual, the station offers a range of “thank you” gifts, with different gifts for different donation amounts. Going beyond the ubiquitous tote bag and coffee mug, this year WBEZ offers a stylish black and red (good color combo when you …
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 Frontiers in Dynamic Pricing: New York Parking Read More »
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 …
Frontiers in Dynamic Pricing: Spot Advertising Auctions Read More »
Lynne Kiesling Dynamic pricing has long been a topic of great interest here, in large part because digital technology is increasingly making it feasible to implement dynamic pricing in retail electricity markets in ways that can be acceptable to consumers. But dynamic pricing is fraught with challenges, and not just in retail electricity markets. Dynamic …
Dynamic Pricing and Technology in Different Markets Read More »
Michael Giberson Dr. Ahmad Faruqui of The Brattle Group and Dr. Mark Toney of TURN discuss dynamic pricing for retail electric customers in a February 17, 2011 event in San Francisco. Part 1: [vimeo 20206833 w=600&h=400] Part 2 Q&A: [vimeo 20216539 w=600&h=400] I’ve only had time to watch a bit of this, but with Faruqui and Toney …
Faruqui and Toney Debate Smart Meters and Dynamic Pricing Read More »
Lynne Kiesling In all of the discussion this week of Tyler’s NYT column on pricing and constructing lot parking, an innovation in pricing street parking has been overlooked. Under a new pilot project in San Francisco called SFpark, street parking will now be priced using dynamic pricing. According to SFpark’s description, To help achieve the …
Dynamic Pricing of Street Parking in San Francisco Read More »
Lynne Kiesling If you like to cook and to eat well in Chicago, you can’t avoid chef Grant Achatz (nor should you want to!). His signature restaurant, Alinea, was recently named the best restaurant in the U.S. and one of the best restaurants in the world, and he is a creative, if controversial, innovator of …
Dynamic Pricing for Foodies … and for Electricity? Read More »
Lynne Kiesling I love this story; it’s like Knowledge Problem + Aguanomics = individual choice, efficiency, conservation, and elegance. Water conservation is a large and growing concern, in large part because our public policy does such an abominable job of creating a framework/market design to send good scarcity signals to diverse individual users, and to …
Technology + Dynamic Pricing Conserves Water Too (duh) Read More »
Lynne Kiesling I’ve written a lot here before about dynamic pricing, and Mike has too. Electricity is one of the most poorly-priced services we consume; only water is priced in a way that communicates even less about its scarcity and about the true costs of providing the service. If we are going to meet the …
Lynne Kiesling The headline of this Forbes article reads “What Would You Pay To Stay Cool?” Using pending Congressional energy legislation as the springboard for the article, Ashlea Ebeling does a very good job of discussing the combination of digital technology and dynamic pricing that can transform the electric power network into a more resilient, …
Forbes Article on Smart Grid Technology and Dynamic Pricing Read More »
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