Michael Giberson In ?Regulation by Network,? Amitai Aviram explains how opportunistic behavior is disciplined when markets are networked, and how regulation in networked worlds differs from regulation by private enforcement of contracts or regulation by government. This article came to mind last night as I was reading Dana Gioia?s ?Fallen Western Star,? his account of …
Michael Giberson In ?Regulation by Network,? Amitai Aviram explains how opportunistic behavior is disciplined when markets are networked, and how regulation in networked worlds differs from regulation by private enforcement of contracts or regulation by government. This article came to mind last night as I was reading Dana Gioia?s ?Fallen Western Star,? his account of …
Michael Giberson Tyler Cowen, at Marginal Revolution, says he’s been reading a new book by Peter Huber and Mark Mills called The Bottomless Well: The Twilight of Fuel, the Virtue of Waste, and Why We Will Never Run Out of Energy. Cowen cited a few of the “seven great heresies” that the book asserts, including …
Michael Giberson I have been reading the Transmission Access Policy Study Group (TAPS) June 2004 report, ?Effective Solutions for Getting Needed Transmission Built at Reasonable Cost.? [PDF] TAPS is an ?informal association of transmission-dependent electric utilities located in 35 states.? The members are primarily municipal and cooperative utilities that may own some generation and transmission …
Why Did Investment In Transmission Peak In 1982? Read More »
Michael Giberson Tom Casten, CEO of Primary Energy, gave a rousing keynote speech to the International Association of Energy Economists last July in which he argued that about 30 years ago the economics of power generation tipped in favor of decentralized combined heat and power projects. Unfortunately, large centralized power generation is what power companies …
Michael Giberson Well, it?s that time of year when we assemble the artificial tree in the front room, decorate it with loads of lights and ornaments, and haul out the stack of Christmas CDs, which gets bigger and bigger each year. I suggested to the spouse that the time had come to sort through our …
Michael Giberson At the Carnegie Mellon transmission and distribution conference last week, there were a lot of disparaging remarks concerning FERC?s standard market design (SMD) push. Some of the critics favor development of ?RTO light? ? perhaps including independent management of the transmission grid, but not necessarily LMP with financial congestion rights, etc. Others advocated …
Michael Giberson The judge has thrown out part of the lawsuit that Geico filed against Google. See my earlier post here. See Kevin Brancato at Truck and Barter for an update.
Michael Giberson The latest Review of Network Economics, which focuses on road transport issues, arrived just after the latest family Thanksgiving trip down I-95 in the Eastern United States. Traveling on I-95 prompted me to wonder how I should be driving in traffic so as to minimize the negative externalities I was imposing on everyone …
Michael Giberson A news story about GEICO and Google sent me to Thesaurus.com this morning, trying to find just the right word for the lawsuit the insurer filed against the search engine. But which is the right word? The great thing about Thesaurus.com is that there are a lot of options. For example, search on …
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