Lynne Kiesling In all of the discussion this week of Tyler’s NYT column on pricing and constructing lot parking, an innovation in pricing street parking has been overlooked. Under a new pilot project in San Francisco called SFpark, street parking will now be priced using dynamic pricing. According to SFpark’s description, To help achieve the …
Dynamic Pricing of Street Parking in San Francisco Read More »
Lynne Kiesling Oh, yes, the old 80s girl in me loves the image on what just came in the mail: And the substance behind their point is equally, well, pointed: Yet within its first 100 days the Con-Lib coalition has emerged as a radical force. For the first time since Margaret Thatcher handbagged the world …
The Economist: (Sing with Me!)”Dave and Nick/are Punk Rockers” Read More »
Lynne Kiesling Thursday’s Wall Street Journal had an article on airline fuel economy, “A Prius With Wings vs. a Guzzler in the Clouds“, and it presents an analysis that is a good starting point for thinking about an economic comparison of the fuel efficiency of different modes of transportation. The analysis compares the fuel economy …
An Economic Analysis of Comparative Fuel Economy? Read More »
Lynne Kiesling As Mike said last week, the summer “doldrums” have been in force in KP-land. I have been working on a research project unrelated to electricity, which I’ll be willing to share soon, so there will be more to come on that … and frankly, I’m so disappointed (but not surprised) in the direction …
Lynne Kiesling Megan McArdle offers an essay assignment: Pascal Emmanuel-Gobry has an essay question: Tainter’s story goes like this: a group of people, through a combination of social organization and environmental luck, finds itself with a surplus of resources. Managing this surplus makes society more complex–agriculture rewards mathematical skill, granaries require new forms of construction, …
Lynne Kiesling Wow, Russ Roberts has a wonderful column in today’s Wall Street Journal about Hayek and the recent interest in his work (the link is subscriber-only, but if you Google for the article you should be able to get the whole thing to pull up from Opinion Journal). It’s an outstanding summary of why …
Russ Roberts on Hayek in the Wall Street Journal Read More »
Lynne Kiesling Last week the Maryland Public Service Commission rejected Baltimore Gas & Electric’s proposed project to install over 2 million digital electric or gas meters, change the retail electricity rate structure to incorporate time-of-use pricing and peak-time rebates, and recover the meter capital costs through a surcharge on residential retail bills. BG&E’s ambitious and …
What the Maryland Psc’s Rejection of Bg&e’s Smart Grid Proposal Reveals About Regulation Read More »
Lynne Kiesling David Warsh’s Economic Principals column this week is about complexity, and the study of complexity in economics. It is as informative and insightful as Warsh’s columns usually are, despite its selective coverage. He highlights some ideas that I think are important for the future direction of economics — the isolation of the twin …
Lynne Kiesling Like Mike the other day, I have been thinking about possibly Pareto-improving rule changes in international soccer; like Richard Epstein I have always thought about sports rules (and league organization and market structure) as interesting market design issues. Take, for example, the unintended changes in ice hockey and American football after the introduction …
More Rule/market Design Recommendations for International Football-soccer Read More »
Lynne Kiesling An article in New Scientist is an excerpt from a new work on tacit knowledge. Harry Collins of Cardiff University is following Michael Polanyi’s treatment of tacit knowledge, but arguing that of the three categories of tacit knowledge he identifies (somatic, relational, collective). Collins argues that Polanyi characterized tacit knowledge as mysterious: To …
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