Michael Giberson The decision of ComEd, a Chicago-based utility, to join the PJM regional wholesale power market, centered in Pennsylvania, New Jersey, and Maryland a few years ago was always a bit of a stretch. Chicago Business reports on some of the consequences: The decision to join PJM instead of its Midwestern counterpart, commonly known …
Michael Giberson There’s evidence that, because of the repeated auctions, generators can figure out each other’s bidding strategies and when the market has to have their power. If a bidder knows the market has to have some of its power, it can name its price. That’s Marty Schladen, of The Daily News of Galveston, Texas, …
Electric Power Restructuring: Notes from Texas and Washington, D.c. Read More »
Michael Giberson Gunnar Birgisson at the Energy Legal Blog provides an update on electric power capacity market developments: No Common Denominator on Capacity Markets. (What? No “common denominator” more than a year and a half after Peter Cramton and Steven Stoft declared, “The Convergence of Market Designs for Adequate Generating Capacity“? As Cramton and Stoft …
Capacity Markets and Other Stories of Energy, Policy and Economy Read More »
Michael Giberson Today, December 10, 2007, StubHub announced that the ten millionth ticket was recently exchanged through the site. The company said that the exchange involved a pair of tickets to next Sunday’s game between the Green Bay Packers-St. Louis Rams in St. Louis. In a pattern perhaps typical of many exchanges on StubHub, a …
Good Data from Online Ticket Sales and Resales Help Reveal Ticket Resale Market Read More »
Michael Giberson When I read about this news story about the FDA from the Cleveland Plain Dealer, I immediately thought of (FDA critic) Alex Tabarrok. Googling “FDA Tabarrok fast track” brought me to “Regulatory Overdose” at Forbes: But George Mason University economist Alexander Tabarrok has a different idea: Abolish FDA-required efficacy testing altogether. Such testing …
Paging Dr. Tabarrok: Off the Fast Track at the Fda Read More »
Michael Giberson A research paper describes the benefits of linking up wind power farms before connecting wind power to the grid. Discovery News reports: [R]esearch shows that if the farms were linked to each other first before delivering the electricity to the country’s grid, wind could offer steady, dependable power at a cost lower than …
Linking Wind Farms Can Help Average Away Problems with Intermittency Read More »
Michael Giberson Last Friday, the State of Alaska received five proposals in response to a Alaska Gasline Inducement Act deadline to build a natural gas pipeline from the North Slope into Canadian and American markets. The applicants are Alaska Gasline Port Authority, AEnergia LLC, TransCanada, Sinopec ZPEB and Alaska Natural Gasline Development Authority. If the …
Alaska Gas Pipeline: Will the Alaska Gasline Inducement Act Get Construction Started? Read More »
Michael Giberson The RGGI auction design final report released in October 2007, which contains the proposed auction design for the sale of RGGI CO2 permits, overall presents a thorough examination of the market design problem and a well-thought out justification for their final design proposal. There is, however, one serious flaw that threatens the efficiency …
Michael Giberson Francisco Torralba, on his EconWeekly blog, writes on Hubs, spokes and flight delays and How to eliminate flight delays, now. Torralba: The US Federal Aviation Administration (FAA) is bent on fixing flight delays. To that end, the agency proposes to cap traffic at JFK…. Mandatory caps can get the job done, but we …
Michael Giberson David Porter and Vernon Smith have put together an assessment of the FCC’s 12 years of experience with spectrum auction design, forthcoming in the Journal of Law Economics and Policy. From the introduction: Recent policy discussions regarding broadband Internet access have revived debates about various methods for allocating electromagnetic spectrum rights and the …
FCC Auction Design: An Assessment of 12 Years of Fcc Experimentation Read More »
Copyright © 2022 Knowledge Problem Archive