Lynne Kiesling Picking up again on the blackout anniversary theme from last week, Scientific American has re-run this 2007 article on grid management and smart grid technology. Again, it is overly focused on how digital technology can improve top-down grid management, and does not mention the vast potential economic and reliability benefits associated with using …
Lynne Kiesling OK, critiquing windfall profits taxes is pretty elementary skeet shooting target practice for economists, but Tim Worstall does it so eloquently in the Register! More people want to use $30, $50, $90 oil than there is oil to go around at that price so markets do their magic thing, prices adjust and supply …
Critiques of Obama’s Oil Windfall Profits Tax Proposals Read More »
Lynne Kiesling Five years ago this week, a large blackout in North America affected 50 million people and cost $6 billion (see thKP archive from August 2003 for posts from that time). The enormity of the blackout led to a large forensic report and lots of follow-up, including recommendations designed to solidify and reinforce reliability …
5-Year Blackout Anniversary Prompts Some Introspection Read More »
Lynne Kiesling Yep, I’m gonna pile on here with my friends at Environmental Economics and other places about how consumer responses to $4 gas are manifesting themselves. To quote John (whose post is about SUV markets in particular): 1. Gas prices rise 2. People drive less 3. Gas prices stay high 4. Demand for new …
Consumer Behavior and $4 Gas: an Economics Case Study Read More »
Lynne Kiesling Last Thursday I was in New York at the final show of the reunion tour of my favorite band ever, at a big party with a bunch of folks who were also there courtesy of the world’s greatest drummer. If you look carefully behind Andy’s head in the picture above (taken from my …
Lynne Kiesling Have you been following the growing popularity and the music creation model of Girl Talk? Girl Talk is Gregg Gillis, from Pittsburgh (YAY!), and an article in today’s New York Times summarizes his music, his techniques, and its reflection of the evolution of copyright: Girl Talk, whose real name is Gregg Gillis, makes …
Girl Talk, Copyright and Copyleft, and the Evolving Boundary of Fair Use Read More »
Lynne Kiesling I think Tyler is answering a different question than DSN asked, and I think he’s made it too hard. DSN asked Based on logic and observation of input cost and profit trends in various industries, when the cost of raw materials rise, companies in a competitive market are often not able to pass …
Lynne Kiesling The KP Spouse has introduced me to The Register, kind of a British Slashdot news website for computer folks. It’s very useful for keeping abreast of technical news, without some of the inane comment threads that can ensue on Slashdot (although I still love Slashdot, just not the comments on the posts). I …
Lynne Kiesling Yowza … we had massive thunderstorms here last night, with the tornado sirens going for the first time I’ve ever heard them in Chicago. We actually grabbed the cat and the laptops and the firebox with the valuables and headed for the basement, where we poured pitchers of water and waited. Thankfully it …
Lynne Kiesling On July 8, 2008, Synapse Energy Economics released a report titled “Advanced Metering Infrastructure — Implications for Residential Customers in New Jersey“, commissioned by the New Jersey Department of Public Advocate. The report’s primary focus is an analysis of the cost-effectiveness of investments in Advanced Metering Infrastructure (AMI) from their definition of the …
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