Lynne Kiesling The other day Greg Mankiw noted that New York has passed a law ending limits on prices that ticket scalpers can charge. I wish Governor Spitzer were as pro-competition in electricity markets as he is in event ticket markets … although in the grand scheme of things, New York’s retail competition is more …
Michael Giberson [PREAMBLE: This post is a follow-up to Lynne’s recent post, “Reconciling A Hayekian/Organic Approach With ‘Designing’ Markets.” If you haven’t already read it, I recommend reading it first. Otherwise, when I get to the part of my post where I say, “I liked D. F. Linton’s question and I liked Lynne’s answer, too,” …
Lynne Kiesling In the comments to my carbon market post from Friday, D. F. Linton asks this very good question: How does one invoke Hayek in one breath and the speak of “designing” a market in the next while keeping a straight face? Good question, and one I struggle with every day as an economist …
Reconciling A Hayekian/organic Approach With “Designing” Markets Read More »
Michael Giberson Last week, a Dutch “reality” show was announced in which three patients in need of a kidney transplant would compete to acquire a kidney to be given by a living donor. The proposal generated a storm of commentary, for and against, only to be revealed as a hoax of sorts, a publicity stunt …
Lynne Kiesling Earlier this week there was a good story in the New York Times on energy efficiency and increasing industrial and commercial interest in improving their energy efficiency. In talking about getting utilities more interested in inducing their customers to implement more efficient technologies, the article notes that Opportunities like this abound in the …
NYT Story on Energy Efficiency, But Where Are The Prices? Read More »
Lynne Kiesling Sadly my 15 minutes of television fame came over Memorial Day weekend, but you can go watch last Friday’s Newshour with Jim Lehrer story on Illinois electricity. The piece gives a decent overview of the situation in Illinois, where the 10-year-old retail rate freeze has been lifted, inconveniently at a time of rising …
Lynne Kiesling The subject has roiled for the past few months: if the balance of the evidence has shifted toward the value of our taking more actions to reduce our greenhouse gas emissions, should the U.S. implement a carbon tax or a carbon market? Stated that bluntly, and based on centuries of experience with taxes …
Carbon Tax or Cap & Trade: Does It Matter Which One? Read More »
Michael Giberson Felix Salmon writes that “It’s Time for Political Event Swaps.” Why? Well, he says, “companies with political-event risk get to hedge it, while hedge funds and other investors get to invest in an asset which is completely uncorrelated with anything else.” If you’ve been keeping up with your financial econ studies, you know …
Outsourcing the Corn Lobby to the Hedge Fund Industry Read More »
Michael Giberson Are you exposed to financial risks due to hurricanes? Want to hedge some of that risk? Forbes.com has a few pointers.
Lynne Kiesling With apologies for the shameless self-promotion: this Chicago Tribune article on gas prices in Illinois has some quotes from me, and others, on putting these gas prices in a proper context. I also found this New York Times article from Sunday on “price gouging” to be a more sensible and analytical view on …
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