Lynne Kiesling There was an interesting little blurb in Tuesday’s Wall Street Journal on the increasing use of econometrics in advertising (subscription required). Econometrics uses statistical analysis to measure the relationship between different sets of events, such as the effect of educational qualifications on wage levels. To determine an advertisement’s effectiveness, econometricians write an equation …
Lynne Kiesling One of the beautiful and often-overlooked things about human action and exchange is not just comparative advantage. It’s the dynamic changes in comparative advantage as the environment changes. What you do relatively well (and relatively less badly, to really trigger the comparative advantage concept) changes over time, as you change, adapting to the …
Oil And Fuel Price Summary, And Musing On Comparative Advantage Read More »
Lynne Kiesling According to Slashdot, Google is buying up lots of unused fiber capacity and building a backbone from which it could build a wi-fi network, and is considering making access free. The Business 2.0 link here is a very informative article, containing a lot of information about the vertical transaction structure of the Internet. …
Lynne Kiesling I know, he’s no spring chicken, and I know, he’s had lots of back trouble, but I’m still totally psyched that my Penguins have signed free agent John LeClair. We have a lot of good offense now; I hope we have enough defense to accompany it.
Lynne Kiesling At the new Austrian Economists blog, Pete Boettke has a very nice post on autonomy and how freedom and responsibility affect economic models. His discussion gives some insights into the ideas underpinning James Buchanan’s work, as Pete learned it and teaches it in his courses. He reminds us of the extent to which …
Pete Boettke On James Buchanan, And Implications In Electricity Read More »
Lynne Kiesling This observation on the NHL broadcast contract negotiations from The NHL is Back highlights an important economic concept: ESPN is seriously considering matching Comcast’s offer for the NHL. It’s not so much that ESPN wants hockey back as they want to keep a potential competitor from getting off the ground. The figure was …
Lynne Kiesling This weekend marks the two-year anniversary of the Northeast blackout. Today the Wall Street Journal has published a commentary from my colleague Vernon Smith that reflects on the state of electricity restructuring. One main theme of his commentary is that our failure to separate the energy commodity transaction from the wires transaction has …
Vernon Smith’s Electriciy Op Ed In Today’s Wall Street Journal Read More »
Lynne Kiesling There’s a rumor circulating that Comcast and the National Hockey League are on the verge of a broadcast agreement. The purported deal would involve two games per week on OLN. It’s not clear what other games would be allowed to be televised, although there is another outstanding agreement with NBC for some games …
Lynne Kiesling Last week Rob at Peak Oil Optimist commented on an environmental group’s position on the construction of an integrated gasification combined cycle (IGCC) power plant in the Pacific Northwest. They contend that the technology is just not needed because of other available means of renewable power and demand reduction. Rob correctly and nicely …
“Le Parfait Est L’ennemi Du Bien” In Technology Choice Read More »
Lynne Kiesling It came out while I was at a conference and distracted, but here’s this month’s New Energy Currents from John Atkinson at Winds of Change. If you are interested in energy technology and policy, this is a must read. And thanks to John for the links here!
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