Lynne Kiesling Energy Economics 101 Spring 2006 Professor Kiesling Homework Assignment to Congress Suppose producers in an economy produce a good, G. Suppose further that the consumption of G creates a negative effect, E, that is borne by more people than just the person consuming G. Now suppose that to reduce E, the government passes …
Lynne Kiesling Rich Karlgaard has an interesting column in Forbes riffing off of Virginia Postrel’s book The Future and Its Enemies. He recasts her dynamists and stasists as “opportunity seekers” and “problem-solvers”, and then goes looking for examples of these iconic types among politicians. Postrel’s dynamists, or, as I call them, “opportunity seekers,” love charging …
Lynne Kiesling Eugene Volokh’s new paper on blogging and scholarship expresses a lot of my thoughts about the productive and consumptive values of the exercise. I particularly like his taxonomy of “discovering, disseminating, and doing” to analyze what it is we academics do. I might think that I get more discovery benefit out of the …
Eugene Volokh on Discovering, Disseminating, and Doing Read More »
Lynne Kiesling In a full-information equilibrium in a liquid market, the forward price should exactly equal the spot price plus the carrying cost (storage cost plus foregone interest)[NOTE: I updated this to change the typo that the first comment caught, good catch!]. Thus you can explain the current increase in the crude spot price as …
Lynne Kiesling Oil prices today are the highest (nominal) prices ever, over $71. Some of the driver of this price increase is uncertainty surrounding Iran. But what’s really interesting from an economic perspective right now is that oil markets are in contango, and have been in contango since early this year. Wikipedia defines contango thus: …
Lynne Kiesling When Apple introduced its new Intel dual-core-powered computers, my first question to my soon-to-be-Apple employee student was “when can I dual-boot OSX and Windows on my Mac?” As everyone knows now, the anser is “as of two weeks ago”. While it’s still in beta, Boot Camp has lots of folks singing its praises, …
Two Mac/Windows Options: Bootcamp and Virtualization Read More »
Lynne Kiesling Chicagoist reports that the Metropolitan Planning Council, Chicagoland’s “smart-growth” top-down planning elites, is proposing to reduce the amount of “free” on-street parking by installing more meters in business districts. They also propose to raise parking meter prices: The Metropolitan Planning Council has proposed to install more parking meters and raise meter rates in …
Lynne Kiesling John Atkinson’s got another value-packed and informative post on energy policy at Winds of Change. Note in particular John’s discussion of investments and mergers in Europe. I would also add that he is kind enough to link to my earlier post about “deregulation” and the politics that prevent it from happening, and the …
Winds of Change Energy Markets and Policies, April 14 Read More »
Lynne Kiesling Heartfelt congratulations to my friend and colleague Joel Mokyr, who has been awarded the Heineken Prize in History. The link to the press release is broken, but I paraphrase it thus: the prize is awarded for his work in the understanding of the knowledge base underpinning modern industrialization processes.
Lynne Kiesling Earlier this week I gave a guest lecture in a class in the Center for Energy, Marine Transportation and Public Policy at Columbia University. The topic shouldn’t surprise you: using technology and pricing to engage and empower electricity consumers (the link is to my presentation notes). It was a blast. We talked about …
Technology and Pricing to Engage and Empower Electricity Customers Read More »
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