When I am writing, I like to listen to ambient techno music. My favorite source for this music has been, for the past two years or so, SomaFM from San Francisco, on their channel called “Groove Salad.” Like most people, I suspect, I have been meaning to send them a donation for a while, but …
Berkshire Hathaway has provided financing for Williams. His credibility, integrity, and vision are things that the electricity industry needs right now, as well as his capital. He also knows a bargain when he sees it. Here is a more thorough article on the deal from TheStreet.com.
Hal Varian, writing today in the New York Times’ Economic Scene, describes auctions, how they work, and how design can influence whether or not participants can collude. This article summarizes a recent journal article by Paul Klemperer, an economist at Nuffield College, Oxford, and one of the most pre-eminent auction theorists. Mr. Klemperer argues that …
The press release on it is 20 pages, the design proposal runs to 800 pages. The comment period extends to 21 October, so expect to see some comments here as I process and analyze this proposal.
Sonia’s Tech Central Station article on the proposed bill is very good. She hits the nail on the head with Many of Hollywood’s Internet pirates are also paying customers in real space, putting Hollywood in the strange position of wanting to attack its own customers. Intellectual property is, of course, important both in principle and …
This Dow Jones newswire article indicates that one consequence of more stringent SEC regulatory enforcement to reduce corporate accounting fraud will result in increased litigation and decreased settlement out of court. This is one of the most striking costs of increased regulation — the litigation and slow-as-molasses process of resolution. Lawyers are probably raisin’ the …
The Neptune project is a privately-funded, high-voltage, direct current (yes, DC, not AC!) project to connect Manhattan and Long Island with other areas that have larger supplies of generated power. This type of interconnection of markets is a driving force in reducing transaction costs and increasing efficiency in energy markets. The progress of this project …
This Wired News article highlights remarks by Martin Shubik, an eminent economist and game theorist, who is advocating pushing the use of game theory in economics beyond its grounding in rationality and strategy, to incorporate such human traits as emotion and error. Last Wednesday, Shubik told the audience of game theorists with mathematics backgrounds that …
Microsoft and AT&T are forming a strategic alliance to provide wireless connectivity, particularly in work environments, according to this article.
According to this Bloomberg News article, FERC will announce rules today to govern cross-regional wholesale electricity sales, including market monitoring and pushing “regulated utilities to cede some authority over transmission lines.” This has been coming for a while, with lots of industry and public comment time. I hope Commissioner Massey’s quote in the article is …
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