Lynne Kiesling Glen Whitman has a nice analysis of gasoline expenditure as a share of household income. Note that he shows, by income quintile, how the cost of traveling 25,000 miles in a year fell from 1981 to 2000, and that although it rose through 2005 and fell back a bit in 2006, it is …
Gas Prices: Mobility Cost As Percent of Household Budget Has Fallen Read More »
Lynne Kiesling Harvard economist Ed Glaeser has a nice column in today’s Boston Globe in which he proposes a “road map for environmentalism” (HT to Greg Mankiw). I think it’s a thoughtful and substantially correct analysis and pragmatic set of proposals; in particular, his emphasis on the importance of rethinking current policies and the extent …
Lynne Kiesling Three cheers for Tim Haab for saying what I’m often too lazy or too cowardly to say: So let’s take a look at the STUPID price gouging bill… So we’ve now proven that Democrats are idiots. We’re halfway there. … Republicans are idiots. Since independents don’t matter, I conclude my proof. All politicians …
Tim Haab on the Politics of Gas Prices: Get Over It Read More »
Lynne Kiesling I’m not being as productive this week as I could be, because I am trying to keep up with the Floyd Landis doping trial/arbitration taking place this week at Pepperdine University. I’ve been silent on this topic since October, when I wrote about Floyd’s “wikipedia defense” and the wisdom of crowds (back in …
Lynne Kiesling As economic growth continues to drive up demand for petroleum-based energy, foreign supplies are fraught with geopolitical costs, and concerns about the environmental effects of fuel use increase, energy prices rise and we naturally seek out alternatives to the oil we’ve become accustomed to using over the past century. One potentially attractive option …
Lynne Kiesling I haven’t said much in the past few months about the personal life, although I do still have one … This past weekend was a lovely spring weekend here in Chicago, and we took advantage of it to do some local exploring. We started off Friday night at Dr. Vino’s meetup at Juicy …
Lynne Kiesling How cool is this? Purdue engineering researchers have made major progress on a new internal combustion engine design, using variable valve actuation. One remarkable innovation in this research is removing the connection between the crankshaft and the camshaft, which is what drives the pistons up and down. This design has been at the …
Lynne Kiesling Here’s one reason why I’ve been so incommunicado for the past few weeks: Retail Electricity Deregulation: Prospects and Challenges for Dynamic Pricing and Enabling Technologies, a paper for the new Searle Center Annual Review of Regulation at Northwestern University. Here’s a teaser from the introduction: Optimistic expectations from the 1990s restructuring changes have …
Lynne Kiesling Here it is, the first week in May, and finally we have the whinging and melodrama that I usually associate with March or April (see, for example, the KP archives from March 2004, with lots of gasoline posts): record high gas prices!. Just two weeks ago, the U.S. average for a gallon of …
Lynne Kiesling I misunderstood the per-play royalty in my previous post on Internet radio royalties. It’s not 8 cents per play per listener, it’s 8/100 of a cent per play per listener. So I was off by 2 decimal places; my apologies, and thanks to commenters for pointing it out. So the annual royalty would …
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