Michael Giberson David Harrington has an article in the new issue of Regulation on the consequences of state repeal of laws that put caps on ticket resale prices: “Uncapping Ticket Markets.” Harrington used StubHub data to compare NHL ticket resale prices in states that repealed price caps on resales to prices in states that hadn’t …
Michael Giberson The blogosphere is a tinderbox and an errant spark can trigger a storm of fire. In this case the spark was a news story about a city fire department refusing to put out a house fire for a home outside the city limits. For Salon writer Alex Pareene, curiously, this story implies something …
Michael Giberson The dramatic finish to an article in The Economist: If inherited epigenetic changes were causing daughter rotifers to produce more catalase, it would raise the question of whether a similar thing happens in other species and, if so, whether it might be induced artificially, without all the tedious business of a lifetime’s starvation. …
Michael Giberson I was fortunate to have a class with James Buchanan my first semester as a graduate student at George Mason University. Unfortunately, it was the year after he had been awarded the Nobel prize, and he was still doing a lot of traveling and speaking. He wasn’t around nearly enough to suit me …
Michael Giberson A complaint is posted to an online forum: … something needs to be said. I have always noted that price gouging is something that occurs on the [Auction House] and notion seems to be prevalant that “If there is someone out there stupid enough to pay that much, I’m going to charge that …
Michael Giberson We’ve discussed the complicated relationship between wind power and the net reductions in greenhouse gas and other emissions here previously. Industry viewpoints come to expected conclusions – it is no surprise that the Colorado oil and gas industry promotes the view that wind is less special than claimed, nor that the American Wind …
The Continuing Debate over Wind Power and Net Emissions Read More »
Michael Giberson Many critics of smart grid-related ideas for saving energy object that consumers won’t want to sit around watching energy prices, flipping light switches and delaying the dishwasher when prices spike now and again to save a few bucks. Of course the critics are right on this point. The best smart grid energy saving …
Michael Giberson Medicare pays medical equipment suppliers based on indexed-adjustments to a price list established 25 years ago. It is extremely unlikely that these prices are efficient. For the past 10 years Medicare has explored the possibility of pricing medical equipment via procurement auctions. Their procurement auction plan is fatally flawed. What can market design …
Michael Giberson Current and anticipated changes in the patterns of electric power production and consumption drive the demand for new transmission lines to help get lower-cost power from generators to consumers. The biggest changes in power production have come from growth in renewable power supplies, so the expansion of transmission is seen as critical to …
Is Texas Crez a Model for Getting Transmission Lines Built Elsewhere in the Country? Read More »
Michael Giberson I don’t understand the physics here – it’s some combination of quantum mechanics and carbon nanostructures – but according to this news release from the University of Arizona, it can turn waste heat into electric power. So far the interesting properties have been simulated in a computer model, but not demonstrated in a …
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