Michael Giberson The New Jersey experience illustrates one other key insight into regulation of a network. In a network industry such as electricity, where the network extends across state lines, it is possible for one state to exert significance externalities on others. The siting of transmission lines or an electricity generator in one state can …
Regulation of Networks when Networks Cross Political Borders Read More »
Lynne Kiesling Over the past week there has been quite a discussion online of the California Energy Commission’s proposal requiring mandatory customer thermostat reponse to emergency demand reduction signals. This New York Times article from Friday also discusses the CEC proposal, as does this ABC news affiliate story from San Francisco. See also the discussion …
Programmable Thermostat Regulations in California: Big Brother or Control Freaks? Read More »
Michael Giberson I was wrong a few weeks ago when I wrote, “While the FCC has sponsored research and considered deployment [of package bidding and combinatorial auctions], so far they have been dissuaded by the complexity of the auction design and opposition from commenters.” The FCC has tried package bidding once before, in 2003, when …
Package Bidding Auction Design for the Fcc’s Upcoming 700 Mhz Spectrum Auction Read More »
Lynne Kiesling Today’s New York Times has an article describing the results of the GridWise Olympic Peninsula Project, the year-long smart grid research project on price-responsive household technology, dynamic electricity pricing, and consumer behavior in which I participated: The demonstration project was as much a test of consumer behavior as it was of new technology. …
Michael Giberson The NCAA basketball season is well underway, and soon enough March Madness will be here. Do you have your brackets worked out yet? Last year while working out a few thoughts on arbitrage opportunities in basketball tournament prediction markets at Inkling, it occurred to me that the Inkling pricing mechanism was just a …
At the Intersection of Prediction Markets and Basketball Tournaments Read More »
Lynne Kiesling Note also the Popular Mechanics CES Blog; Popular Mechanics has sent KP friend Glenn Reynolds to the CES to report on what he finds there.
Lynne Kiesling The annual Consumer Electronics Show kicks off today in Las Vegas, and at least at a marketing level it’s going green: Gadget makers are joining a green movement sweeping the corporate world, a new theme at this year’s Consumer Electronics Show. Vendors plan to display products such as biodegradable PCs and solar-powered cellphone …
Michael Giberson Not often does a paper from the American Economic Association meetings make the news, but on Friday a paper by Bo Cowgill, Justin Wolfers, and Eric Zitzewitz was presented about prediction markets at Google. This morning Noam Cohen at the New York Times reports: A question never addressed in the report is what …
Michael Giberson The Economist observes that our present is not quite like some futurists of the past had projected, and provides advice to new futurists seeking to improve on the past. Among other things, they recommend “think small”: “The best what-lies-ahead book of 1982 was Megatrends, by John Naisbitt, which prophesied the future of humanity. …
Lynne Kiesling The attention has taken a turn for the literary here in KPLandia … perhaps it’s the upcoming PBS broadcasts of the ITV productions of all of Jane Austen’s novels. Here’s a great find for those of you who like to multi-task and listen to audio books (during exercise, knitting, driving, etc.): LibriVox. LibriVox …
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