Lynne Kiesling Fast recapitalization, removing the signaling penalty by having the government require banks to stop giving dividends in the short run … those are the kind of policies that economists have been discussing, fleshing out, and encouraging over the past two weeks. Of course, the challenge to those proposals is that the parties who …
An Alternative Approach to the Bailout: Enable Fast Recapitalization Read More »
Lynne Kiesling Before I read the Senate version of the revised bailout plan, I generally agreed with Tyler Cowen: “The modified Paulson plan was better than nothing — especially after the market had been scared — but far from my first choice.” I also generally agree with his conclusions (1) on the importance of transparency …
Revised Bailout Plan: Ok, Now I’m Not Just Skeptical, I’m Angry and Disgusted Read More »
Lynne Kiesling Cory Doctorow at Boing Boing alerts us to a new book on copyright by Neil Netanel, Copyright’s Paradox. I haven’t read it yet, but I trust Cory’s recommendations, and pass them on to you without further comment as I put it on my “to read” list. Note also that many of the comments …
Lynne Kiesling I’ve been enjoying this new research from environmental economist Chris Costello and his two co-authors, Steven Gaines and John Lynham: “Can Catch Shares Prevent Fisheries Collapse?”: Recent reports suggest that most of the world’s commercial fisheries could collapse within decades. Although poor fisheries governance is often implicated, evaluation of solutions remains rare. Bioeconomic …
More Definitive Evidence That Property Rights Improve Fishing Yields and Sustainability Read More »
Lynne Kiesling Today and tomorrow I’m at a antitrust law and policy conference at Northwestern, co-sponsored by the Searle Center on Law, Regulation, and Economic Growth and the Center for the Study of Industrial Organization. As you can see from the agenda, it’s full of interesting papers from top antitrust scholars and practitioners.
Lynne Kiesling Last week at Freakonomics, Doug Diamond and Anil Kashyap had a great guest post to help put it in perspective, and I recommend it to all. Yesterday Steve posted a link to a critique of Paulson’s bailout plan by Luis Zingales. A must read. His conclusion: Do we want to live in a …
Good Summaries to Help Understand the Financial Turmoil Read More »
Lynne Kiesling One of the consequences of the current financial market upheaval is MidAmerican’s buyout of Constellation Energy. See also the discussion at WSJ’s Environmental Capital of this and other possible consequences for energy industries. Keith Johnson at WSJ also thinks that this move shows an interest on Warren Buffet’s part in nuclear assets. Electricité …
Lynne Kiesling Without whom, there would be no induction-based generation of electricity, the modern electronic world as we know it would not exist, and I would have to write about something else. Three cheers to the genius of Faraday! And thanks to Wired for noting his birthday.
Lynne Kiesling Courtesy of Rich Sweeney at Common Tragedies, this is the most direct impact that the AIG bailout will have in the KP household (click through to see what I mean). Tee hee!
Lynne Kiesling Jeez, what a week … not being a financial expert, I am loathe to opine on what’s been going on in financial markets this week. I do find some things striking, particularly from a historical perspective. The first thing that strikes me is that what’s driven this is the development and use of …
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