Lynne Kiesling The other day Greg Mankiw noted that New York has passed a law ending limits on prices that ticket scalpers can charge. I wish Governor Spitzer were as pro-competition in electricity markets as he is in event ticket markets … although in the grand scheme of things, New York’s retail competition is more …
Lynne Kiesling Then on Sunday the KP Spouse and I did the McHenry County Bicycle Club’s Udder Century Invitational with a friend of ours. We did the metric century, 62 miles, which was plenty after my triathlon exertions on the previous day. McHenry County has lots of lovely, rolling countryside, and great biking roads. The …
Lynne Kiesling We had a sporty weekend here in KP land … on Saturday I participated in the Tri-Shark sprint triathlon outside of Bloomington, Illinois. Here’s an action shot: The race is well-organized and the course is beautiful; Dawson Lake in Moraine View State Park is great for swimming, the bike course has some lovely …
Lynne Kiesling In the comments to my carbon market post from Friday, D. F. Linton asks this very good question: How does one invoke Hayek in one breath and the speak of “designing” a market in the next while keeping a straight face? Good question, and one I struggle with every day as an economist …
Reconciling A Hayekian/organic Approach With “Designing” Markets Read More »
Lynne Kiesling Earlier this week there was a good story in the New York Times on energy efficiency and increasing industrial and commercial interest in improving their energy efficiency. In talking about getting utilities more interested in inducing their customers to implement more efficient technologies, the article notes that Opportunities like this abound in the …
NYT Story on Energy Efficiency, But Where Are The Prices? Read More »
Lynne Kiesling Sadly my 15 minutes of television fame came over Memorial Day weekend, but you can go watch last Friday’s Newshour with Jim Lehrer story on Illinois electricity. The piece gives a decent overview of the situation in Illinois, where the 10-year-old retail rate freeze has been lifted, inconveniently at a time of rising …
Lynne Kiesling The subject has roiled for the past few months: if the balance of the evidence has shifted toward the value of our taking more actions to reduce our greenhouse gas emissions, should the U.S. implement a carbon tax or a carbon market? Stated that bluntly, and based on centuries of experience with taxes …
Carbon Tax or Cap & Trade: Does It Matter Which One? Read More »
Lynne Kiesling With apologies for the shameless self-promotion: this Chicago Tribune article on gas prices in Illinois has some quotes from me, and others, on putting these gas prices in a proper context. I also found this New York Times article from Sunday on “price gouging” to be a more sensible and analytical view on …
Lynne Kiesling On Wednesday the U.S. House passed a gasoline price gouging bill. The bill’s chief sponsor, Democratic Rep. Bart Stupak of Michigan, said he had no doubt the FTC would be able to determine price gouging once the agency had a law to uphold. The measure would establish the first federal law against energy …
Lynne Kiesling You driving anywhere this weekend? I’m not. Other than a trip to the grocery store, I hope not to get in the car at all. In part that’s the high gas prices talking, but in part it’s a rebound from the fact that I spent the last three days at a conference out …
Memorial Day Driving, Gas Prices, and Retail Sales Read More »
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