Michael Giberson I stumbled across another blog post on the New York Times article discussed here earlier in the week. Rich Sweeny, at Common Tragedies, wants to inject a little more research-based thinking into the discussion: What I really wanted to add to this debate, though, is a discussion of how elecricity costs have been …
Michael Giberson The team working on the auction design for the Regional Greenhouse Gas Initiative (RGGI) has released their final report. The design group is top-notch and the report itself looks pretty good at first glance. What really stood out on my first look at the report, however, was the 50+ page annotated bibliography on …
Auction Design for Selling Co2 Emissions: Check out Their Annotated Bibliography Read More »
Michael Giberson Another David Cay Johnston article in the New York Times concludes, surprise, deregulation leads to higher electricity prices. The article has led to a burst of blogging, including by Mark Thoma, Felix Salmon, and the Economist‘s Free Exchange. Johnston’s piece highlights the results of calculations by Marilyn Showalter’s group, Power in the Public …
Michael Giberson Today, the 12,000 members of the Writers Guild of America went on strike. Among the issues in dispute is a share of income from new media. No doubt you can find much commentary on the web on the substance of the negotiations, I’m concerned with a more practical matter: How long will the …
Michael Giberson While we dream of a future of knowledge-empowered customers with continuous access to their own meter data stream integrated with a computerized home power management system, it is worthwhile to open an eye on occasion at look at actual, everyday electric metering practice. As Tom Fowler at the Houston Chronicle reports, the Texas …
Retail Electric Power Metering, the View from Houston Read More »
Michael Giberson Larry Ribstein suggests that at least some of Boeing’s troubles with the 787 might have been avoided if either insider trading was permitted in Boeing’s stock or the company was operating internal prediction markets focused on project completion. The quotes that Ribstein draws from the Wall Street Journal article on Boeing highlight two …
Michael Giberson A few recent news articles on congestion has Peter Klein at Organization and Markets asking, “Why the Resistance to Pricing?” When the quantity demanded exceeds the quantity supplied — causing shortages, delays, congestion, misallocation — the solution is to raise the price. Every freshman economics student knows this. Why, then, are regulators, industry …
Economists Do Not Understand the Opposition to Congestion Pricing Read More »
Michael Giberson Yesterday, NPR’s All Things Considered ran a story on the Jordan Furniture Red Sox promotion that we discussed here earlier. An excerpt: So with the Red Sox and the Colorado Rockies now facing off in the World Series, some of the couch potatoes watching from home are rooting to win the very couches …
Michael Giberson From the Economist‘s Free Exchange blog, on blogging: [W]e should expect those with strong resumés but lackluster ideas to abstain from extensive blogging, while those whose critical and analytical skills run ahead of the experience and education categories on their CVs should embrace blogging as a means to signal their exceptional fitness. We …
Michael Giberson At Midas Oracle, Eric Zitzewitz asks, “Is sports betting legal if you bundle it with furniture?” A furniture retailer in Boston offered furniture that would be free to customers purchasing a mattress, dining table, sofa, or bed between March 7 and April 16, if it turned out that the Red Sox won the …
Zitzewitz Asks: Is Sports Betting Legal if You Bundle It with Furniture? Read More »
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