Michael Giberson There are more energy news items out there than I can keep up with. We may get around to some of these items in a day or two, but for the rest you’ll have to come up with your own pithy comments: NewsWatch: Energy posts on current gasoline market trends, citing the Energy …
Michael Giberson A forthcoming American Economic Review article was noted online by US News & World Report: Over the past two decades, huge swaths of the economy have been deregulated, from banking to electricity to airlines. But has competition increased efficiency? In a paper forthcoming in the American Economic Review, a group of academics from …
Has Wholesale Power Competition Increased Efficiency at Generating Plants? Read More »
Michael Giberson Quoting Grimmelmann: First off, the Times pleads its inability to re-report every challenged story. Fair enough…. It’s one thing not to revisit stories as new information becomes available. (The Times isn’t Wikipedia, after all, and we shouldn’t hold it to the same higher standards of timeliness.) But it’s something else not to append …
James Grimmelmann on Errors Published in the New York Times Read More »
Michael Giberson Thursday’s Wall Street Journal carried an essay by the Cato Institute’s Jerry Taylor and Peter Van Doren, “Short-Circuited” (available free via Cato): After a pretty good 30-year run, deregulation is on the political ropes. Although loosening the shackles on banking, trucking, and airlines delivered lower prices, robust competition and political applause, it hasn’t …
Michael Giberson At The Eisenthal Report, market manager David Eisenthal provides an update on the Massachusetts Fifth Congressional District Democratic Primary Prediction Market that he set up at Inkling: At various times, Rep. Barry Finegold (D – Andover), Rep. Jamie Eldridge (D – Acton), and Niki Tsongas have all led the field. As the election …
Michael Giberson Would perfectly internalizing motor vehicle externalities make the economy less efficient? Jerry Taylor and Peter Van Doren of the Cato Institute make that claim in a paper advocating the repeal of federal and state gasoline taxes. The paper has picked up a couple of high profile econoblogging mentions – from Tyler Cowen, Greg …
Michael Giberson An article about meter technology company Itron in the Spokane (WA) Journal of Business makes the distinction between the last hot new thing in metering — automatic meter reading (AMR) — and the latest new thing — advanced meter infrastructure (AMI). AMR provided a giant leap forward in reducing meter reading costs and …
Ami Not Amr: Getting the Right Kind of New Meter Read More »
Michael Giberson Lest readers of Knowledge Problem believe that U.S. energy markets are the only ones subject to allegations of manipulation, from Manila comes word that the Phillipine Electricity Market Corp. is improving up its wholesale power market monitoring. The market operator hopes to deter future market power abuses similar to the alleged abuses that …
Michael Giberson An update: Yesterday a federal judge refused the FTC’s request to temporarily block the Whole Foods-Wild Oats merger. The Associated Press reported that the judge’s reasoning “was detailed in a 93-page court document that was sealed because it contains corporate secrets.” Pretty obviously, as an attorney is quoted in the AP story as …
Judge Won’t Block Whole Foods – Wild Oats Merger Read More »
Michael Giberson Attorneys for the FTC inadvertently revealed Whole Food company trade secrets when they filed documents in court that had been incorrectly redacted. (The background behind the material intended to be redacted was set to black, making it impossible to read the black text, but not hard at all to search or copy and …
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