Lynne Kiesling While we’re on the subject of contracting and incentives in sports … Khazak cyclist Alexandre Vinokourov is leaving team T-Mobile for Spanish team Liberty-Seguros. “Vino” came in fifth in the Tour last week and third in 2003. As contracting and team dynamics go, cycling teams are a fascinating subject for study. Vino is …
Lynne Kiesling For new institutional economists, the NHL is a multi-dimensional laboratory right now. The six-year labor agreement signed last Friday, including team-level salary caps and revenue sharing, has spurred a flurry of contract buyouts. The Yahoo Sports NHL news archive since Saturday has been full of stories of teams buying out contracts of their …
Lynne Kiesling Although an avowed long-time hockey fan, I have kept silent on the topic of the NHL lockout and the loss of the 2004-2005 season. Why? Disgust. I thought, and continue to think, that all parties acquitted themselves poorly. The owners and the league made strategic errors in estimating the value of broadcast rights …
Lynne Kiesling This week marks the Electronic Frontier Foundation’s 15th anniversary. EFF is a tireless warrior for preserving and enhancing freedom as communication and information technology evolves. Cory Doctorow has a Boing Boing post discussing EFF’s activities over the past 15 years: This week marks the Electronic Frontier Foundation’s 15th anniversary — a decade and …
Lynne Kiesling Your Intrepid Economist spent the last two evenings partaking of the musical plenitude of Chicago. Wednesday was a long-overdue evening at our almost-neighborhood hangout the Green Mill to hear Kurt Elling and “the band”, the Laurence Hobgood Trio. We try to go every Wednesday they’re in town, but my life is often too …
Lynne Kiesling I’ve mentioned before (here and here) that my hometown of Pittsburgh has an abysmal record of using eminent domain to achieve top-down, centralized urban planning goals, with disastrous results. Poor neighborhoods destroyed, a desolate and soulless downtown, and a languishing area downtown around Fifth Ave. and Forbes Ave. that the city has been …
Eminent Domain Threats Suffocate Organic Development Read More »
Lynne Kiesling Glen Whitman’s got a nice post discussing utilitarianism, Coase, Layard, and the implications of Will Wilkinson’s recent evisceration of Layard’s utilitarian interventionist arguments about status and well being. When I first read Will’s post, my initial reaction was “yikes, I hope I never get on Will’s wrong side!” Will cleverly applies Coasian analysis …
Lynne Kiesling In his post inquiring why we organize our kids so much, I like the way Tyler Cowen put his hypothesis 3: Suburban sprawl is a tax on spontaneity. And as more kids get trapped into planned networks, it becomes harder to go it alone. I think there’s some validity to that hypothesis. I …
Lynne Kiesling Cass Sunstein is currently guest-blogging at Lessig’s place, and has a thought-provoking post on information aggregation, Wikipedia, prices, and Hayek. The post itself and the comments have a lot of good content, and I recommend reading them. It also follows on a prior post on information aggregation more generally, as Sunstein works on …
Lynne Kiesling In the comments to the prior post, Steve from The Modulator suggests seeing the videos of Stages 14 and 15. In looking for them, I’ve found that VeloNews has video highlights by stage for folks in the US. More economics content this afternoon; I am writing and conference-calling.
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