A: Make a lot of graphs. A Post reporter discusses the economy with two economists from Washington-based think tanks, Kevin Hassett of the American Enterprise Institute and Jared Bernstein of the Economic Policy Institute. At one point Bernstein asks Hassett, ?You ever have your kid ask you what you do for a living? It?s much …
Michael Giberson Jerry Knight, business columnist for the Washington Post, reports on the other “Dutch Auction” IPO. While Google has had most of the press, New River Pharmaceuticals Inc. also went public this August via the open IPO. Knight reports that New River collected $33.6 million by selling 4.2 million shares. (Roughly 2% of the …
Michael Giberson Over at Economic Principals, David Warsh writes about current debates in drug pricing, and raises some excellent questions for researchers interested in economic systems design. About half of Warsh’s column concerns differential pricing, and half concerns alternative ways to organize and pay for research. The problem with differential pricing, what economists typically call …
Price Discrimination Or Tournaments Or What? How Can Drug Research Be Funded Read More »
As a followup note to my Friday posting, the joint U.S.-Canadian Task Force has issued a new report, “The August 14, 2003 Blackout, One Year Later: Actions Taken in the United States and Canada to Reduce Blackout Risk.” I haven’t yet had a chance to read this update, but expect comments later in the week.
Michael Giberson Does immediate access to bid data in electricity markets aid collusion or aid in the detection of collusion and other market abuses? FERC, in a recent order on the Midwest ISO?s energy market filing, said: ?We agree with Wisconsin Retail and the Midwest TDUs that transparency is an important feature of market design. …
Michael Giberson A host of newspaper articles and essays mark the one year anniversary of the August 14, 2003 Blackout. On Thursday, August 12, the Cato Institute?s Peter Van Doren and Jerry Taylor argue against linking electric industry reform agendas to the blackout on the editorial page of the Wall Street Journal. The blackout resulted …
Where Are We Now? A Year After The August 14, 2003 Blackout Read More »
Mike Giberson On Sunday, I read the same Randall Parker post on “Vehicle to Grid” technology that Lynne discusses below. Then, just about 90 minutes later, the power went out in my neighborhood. Coincidence? Monday morning I spent a few minutes chasing down links and reading a few concept papers. Pretty cool stuff. Here is …
Michael Giberson A documentary on the media, Orwell Rolls Over in his Grave, opens today in the Washington, D.C., area, reminding me of the recent newspaper story in the Washington Post about the dominance of left-leaning view points in documentary movies (“Liberal Documentarians Are the Reel Majority“). The newspaper article by Tommy Nguyen asks why, …
A Liberal Power Trip: Real Capitalism at the Movies Read More »
More commentary on the Blackout Stressed? Over-worked? Need to get a way from it all? When the going gets tough on the transmission grid, sometimes a quick trip to the islands is just what is needed. One way of making the grid work better is to figure out how it can fall apart more gracefully. …
A blackout is a supply failure, so naturally people look for supply-side solutions: more transmission lines, high-tech system monitoring devices, building power plants closer to population centers, better grid planning and testing procedures. Few people consider how effectively demand response and active retail markets can help reduce strains on the grid and forestall future grid …
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