Michael Giberson Of note. Daniel Cole, “Thinking About an Optimal Coase Tax” “Economists have spilled a lot of ink trying to specify what an ‘optimal’ Pigou tax would be… Haven’t any of these people read Coase (I mean read him carefully)? One of his explicit aims in ‘The Problem of Social Cost’ (1960) was to correct an …
Coasean Taxes and Other Energy Economics Stories Read More »
Michael Giberson In an article titled “4 Reasons All Americans Should Be Worried About Wind Layoffs,” you’d think there would be at least one reason that people should be worried about wind industry layoffs. Sadly, no. Instead the author tells the reader: (1) wind power installations are largely in GOP-held congressional districts, (2) the U.S. …
Any Reason to Be Worried About Wind Power Industry Layoffs? Read More »
Michael Giberson As noted here at KP in August, a group of electric power economists (including me) filed an amicus brief on FERC’s demand response pricing rule. At the Master Resource blog, Travis Fisher examines the issue with some detail. Here is a bit: In Order No. 745, FERC reasoned that, “when a demand response …
‘Demand Response’ in Electricity: Economists Vs. FERC on (Over)Pricing Read More »
Michael Giberson Midwest Energy News: “Can airports be green? With solar farm, Chicago argues they can.” Aviation is a carbon intensive industry, with air travel and transport contributing two percent of global greenhouse gas emissions, according to the Intergovernmental Panel on Climate Change. But airports around the world are making significant efforts to reduce their carbon …
Can Airports Be Green? With a Little Greenwashing They Can! Read More »
Michael Giberson On the NYTimes.com Green blog, Matthew Wald reports on “An argument over wind.” The issue is the scheduled-to-expire Production Tax Credit for wind power. As previously mentioned here, former PTC-supporter Exelon Corp. has come out against the PTC extension. It parted ways from the American Wind Energy Association, of which it had long …
Negative Power Prices Due to Wind Power’s Subsidy Read More »
Michael Giberson From the PR desk: HOUSTON, Sept. 4, 2012 /PRNewswire/ — Direct Energy has launched New Leaf Energy, a new Texas brand that offers 100 percent renewable, air-pollution-free energy, 100 percent from Texas wind turbines. New Leaf Energy brings expanded product choice in Texas’ green energy market and a variety of plan options that ease the way for residential customers …
Michael Giberson Are price gouging laws applied fairly? This past week Tropical Storm/Hurricane Isaac lead to disaster declarations and the invocation of price gouging laws in several gulf states. Here are a few selected quotes from all four price-gouging related press releases issued last week by Mississippi Attorney General Jim Hood: August 28: “Attorney General …
Are ‘outsiders’ More Likely to Be Accused of Price Gouging? Read More »
Michael Giberson News about the Chinese economy has become a bit worrisome, for instance from the New York Times earlier this week, “China Confronts Mounting Piles of Unsold Goods“: After three decades of torrid growth, China is encountering an unfamiliar problem with its newly struggling economy: a huge buildup of unsold goods that is cluttering …
Michael Giberson At the Freakonomics blog, a Q&A with Peter Leeson about his book The Invisible Hook. Here is the first exchange: Q.The Invisible Hook is more than just a clever title. How is it different from Adam Smith‘s invisible hand? A. In Adam Smith, the idea is that each individual pursuing his own self-interest is led, …
An Invisible Hook Q&a, and Other Items of Interest Read More »
Michael Giberson Today marks the 100th anniversary of the birth of Julia Child, and surprisingly, it was a blog post on economic theorizing reminded me of the famous cookbook author this morning. I’m sure it wasn’t quite the metaphor Rajiv Sethi had in mind when he posted “On Prices, Narratives, and Market Efficiency,” but the …
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