Lynne Kiesling Steven Postrel is guest-blogging at Organizations and Markets. Steve teaches at the Cox School of Business at Southern Methodist University (and also happens to be Mr. Virginia Postrel). I look forward to his contributions to O&M! Steve’s first guest post tackles the question of “physics envy” in economics and the use of mathematical …
Lynne Kiesling I apologize in advance for tooting my own horn twice in a row; first Beckham and now this … Over dinner Friday night with the KP Spouse and a couple of old economist friends, one friend asked me what I would do in Iraq. I told him I would pay efficiency wages to …
Will the New Iraq Strategy Revive the Iraq Oil Trust Idea? Read More »
Lynne Kiesling The big story in Chicago for the past few days has been the FBI storming of Alderman Arenda Troutman’s office to arrest her on bribery charges. Chicago politics always has some aspect of theater to it, and this instance is no exception. But what is exceptional is her frank honesty: Troutman, 49, was …
Lynne Kiesling BBC Sport reports that David Beckham will not renew his contract at Real Madrid. What probability do you assign to his playing in the MLS next season? I assign a very high probability. Several European stars have ended their careers in the MLS (I think of it as a combination of level of …
Lynne Kiesling Monday’s front-page article on electricity metering and pricing by David Cay Johnston highlights two important developments in modernizing electricity policy. One overarching theme in the article is that markets cannot function up to their potential when buyers and sellers face systematic asymmetric information. In the case of electricity, retail customers do not see …
NYT on Electricity: Metering and Asymmetric Information in Retail Markets Read More »
Lynne Kiesling Because of the web site trauma here and the AEA meetings I am late to the party, but Austan Goolsbee’s NYT Economic Scene column from Thursday is a worthy read. He makes a point that I’ve made here several times: over the past 50 years we have increasingly gotten more bang for the …
Michael Giberson The Texas PUC has released its “2007 Scope of Competition in Electric Markets in Texas” report. The Dallas Morning News reported a story headlined Power company competition not working, report says. The story said: The report offered suggestions for the Legislature as it goes into session next month, including ideas that would cut …
Texas Puc Issues Electric Markets Competition Report Read More »
Michael Giberson A post at the Energy Legal Blog argues that a pair of recent court decisions will be the death of competitive wholesale power markets, at least in the Western United States, unless the Supreme Court reverses.
Lynne Kiesling James Surowiecki had a nice little column about sugar and ethanol tariffs in the New Yorker a couple of weeks ago. As is his wont, he concisely summarizes the pros and cons of ethanol, focusing on the higher net energy balance that cane sugar ethanol has relative to corn ethanol. He also applies …
Michael Giberson A Starbucks sits just around the corner from the E Street Cinema in Washington, D.C. It’s where I headed immediately after watching Black Gold, a documentary on the global coffee business that — if you believe the press clippings and blurbs on the official site — is galvanizing consumers into action and has …
Black Gold Movie Half Baked, But That’s Better Than I Expected Read More »
Copyright © 2022 Knowledge Problem Archive