Lynne Kiesling Today the Wall Street Journal had an editorial (subscription required) commenting on the antitrust policy implications of last week?s District Court decision to allow Oracle to proceed with its hostile takeover offer for PeopleSoft. Their observations focus on a crucial issue in antitrust policy, one that antitrust economists have been struggling with for …
Antitrust And The Schumpeterian Dynamic In Erp Software Read More »
Lynne Kiesling This Baseline Magazine article from late June describes how Trek, a bicycle manufacturer in Wisconsin, uses sophisticated technology and data analysis to improve the quality of its bikes, particularly its high-end bikes that elite athletes use. It’s 1997. Paul Andrews is taking a 20-minute spin on a Trek Y-Foil road bike. The bike …
Lynne Kiesling Hawk Mountain Sanctuary is a great example of private initiative and willingness to “walk the talk” in private “internalization” of environmental “externalities” (for background on why I am putting these things in quotes, see this post on the Energy Star certification and irrelevant externalities, this post on network reliability as a public good, …
Lynne Kiesling I’ve been spending the past few days revising my Environmental Economics course in preparation for fall quarter, so my mind is in an environmental place right now. One of the inspiring things I’ve read this week is this Rocky Mountain News oped from Terry Anderson at PERC. Terry discusses how human ingeneuity and …
Lynne Kiesling Don Boudreaux has a post on prices as the great equalizer that’s is very important. After looking at two of the different ways of rationing stuff (queuing and family connections), Don points out that One great advantage of rationing by market prices is that they reduce to a minimum the role of arbitrariness. …
Lynne Kiesling Six degrees of Harry Potter … I think for British actors it should be changed to two degrees, which is apparently sufficient … So last night the KP Spouse and I were trolling the tv after dinner/Cubs WIN in Montreal, and we caught the last hour and a half of The End of …
Lynne Kiesling On Friday Vernon Smith and I had commentary on the importance of customer choice in electric power markets in the San Diego Union Tribune. Here’s a teaser: Some California utilities are working to turn the clock back to the “good ol’ days” of regulation and guaranteed profits. A bill currently before the Legislature …
Kiesling/smith Commentary In San Diego Union Tribune Read More »
Lynne Kiesling Thanks to Tyler Cowen for this post about betting on physics research. I love the quote he pulled, and that the researcher is willing to go 6-1 on the Higgs particle. I’ve long thought that Robin Hanson was right, and that people putting money on things (i.e., walking the talk) would enhance our …
Lynne Kiesling I’m at the airport, on the way to give a talk at the Dallas Fed on a recently-completed research paper. Shall we start the pool on how many minutes late my flight will be tonight? Or should I say hours?
Lynne Kiesling Congratulations to the U.S. women’s soccer team, which won the gold medal on Thursday in Athens. The last five of the leading players from the 1991 World Cup team are retiring after this game. I think C. W. Nevius in the San Francisco Chronicle got it right when he wrote about the silent …
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