Michael Giberson The Washington Post story is headlined, “O’Malley Encouraging Utilities Commission To Assert Its Powers“: The hearing on the 16th floor of the state government building in Baltimore was as charged as a cross-examination. Two Verizon officials were called to appear before Maryland’s utility regulators to explain a 50 percent increase in customer complaints …
Michael Giberson I stumbled across the Home of the Groove blog some months back. It turned out to be a great place to delve deeper into New Orleans funk and R&B and related musicality. And recently, the Home of the Groove has sprouted its own internet radio station running a 10-hours and growing playlist of …
Michael Giberson Sally Satel writes on “Supply, Demand, and Kidney Transplants” in Policy Review: Under the 1984 National Organ Transplant Act, anyone who offers or receives something of material value in exchange for an organ can be charged with a felony. The ban ’s rationale was twofold: to prevent lurid scenarios in which desperately poor …
Sally Satel on Incentives, Altruism, and Kidney Transplants Read More »
Michael Giberson I’ve followed up the long post on the NYMEX v. IntercontinentalExchange decision here with a post on Midas Oracle in which I contemplate potential adverse consequences for some prediction markets (or, indeed, anyone publishing market data for which they assert copyright). An excerpt: While some caveats would emerge in a longer discussion, a …
Michael Giberson As noted here previously (PJM Wants to Reorganize Market Monitoring Unit, Move On), PJM has filed a proposal with FERC to reorganize its market monitoring unit, hoping to quell controversy and settle a pair of complaints filed against the grid operator earlier this year. Not so fast, say Baltimore Sun columnist Jay Hancock. …
Baltimore Sun Columnist on Pjm: Let’s See Why Grid Watchdog Barked Read More »
Michael Giberson A fact? An opinion? A creation? An idea? What kind of thing is a price? Perhaps too philosophical for you this morning. Try the question this way: Is the NYMEX’s report of daily futures contract prices like a phone book, like the census taker’s count of population in an area, or more like …
What is a Price? The Courts Think They Know; The Courts Are Wrong. Read More »
Michael Giberson The Washington Post Food section ran an article with Tyler Cowen, professor of economics at GMU, blogger at Marginal Revolution, and author of Discover Your Inner Economist. An economist at George Mason University, Cowen has rather unusual criteria for restaurant selection. He doesn’t first look at the menu, the ambiance or the reviews. …
Michael Giberson Kevin Hassett thinks Congressman Devin Nunes has a good idea (also here): It’s hardly a surprise when politicians fail us. Last week, with energy policy in play, we saw disappointments galore. But the biggest surprise of the week was a bill introduced by Congressman Devin Nunes, a California Republican, that may, if enacted, …
Nunes Proposes Market Subsidy to Displace Energy Policy Read More »
Michael Giberson Tom Fowler, at the Houston Chronicle‘s NewsWatch: Energy blog, reports on the latest CFTC energy market manipulation case: The alleged manipulation occured during the so-called “Platts window,” a 30 minute interval at the end of the trading day when the energy publishing firm Platts pulls data used to set prices for other foreign …
Another CFTC Energy Market Manipulation Charge – Marathon Oil Agrees to Pay $1 Million Read More »
Michael Giberson Is the most actively traded Inkling Market focused on a single party’s primary in a special election to be held to replace a retiring member of Congress? More active than any other political market on Inkling, more than baseball, more than football, and even more than American Idol. A few markets have more …
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