Economics

Current Gasoline Prices: In Which I Offer to Save the Senate Some Time

Michael Giberson Reported in The Hill’s E2 Wire: “Senate to hold hearing on surge in gas prices.” Senate Energy and Natural Resources Committee Chairman Ron Wyden (D-Ore.) will soon convene a hearing on soaring gasoline prices that he contends have “no reasonable explanation.” Average nationwide gasoline prices have risen by nearly a half-dollar per gallon …

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Are Property Rights Now More Clearly Defined for Organic Farmers in Minnesota?

Michael Giberson The United States Supreme Court chose to let stand a Minnesota Supreme Court decision concerning the rights of organic farmers exposed to pesticide drift from neighboring conventional farms. In the case Johnson v. Paynesville Farmers Union Cooperative Oil Co., the organic-farming Johnsons had sued conventional-farming Paynesville for damages after pesticide drift from Paynesville’s farm …

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Notes on the Post-sandy Nj/nyc Black Market in Gasoline

Michael Giberson Jeffrey Tucker at Laissez Faire Today points out Peter C. Earle’s blog on the emergence of a black market in gasoline in northern New Jersey and New York City during the post-Storm Sandy period. A few days after the storm swept through, when politicians began reasserting their willingness to enforce price gouging limits …

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Hoffman on Price Gouging (in Which I Take on Claims Made in a 7-year Old Blog Post)

While seeking out the guns and ammo price gouging post at Mother Jones (see link here) I came across a post-Katrina 2005 Political Mojo post by Bradford Plumer on price gouging that I don’t recall having seen before, and it provides a link to a Dave Hoffman post-Katrina post at PrawfsBlawg that actually advances some …

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Mother Jones on Guns and Ammo Price Gouging

Michael Giberson A post at Mother Jones‘s Political Mojo blog sees a silver lining in current price gouging on guns (see “Gun Lovers Freaking Out Over Price Gouging“): “It might help keep sales in check—at least temporarily—while Congress gets around to thinking about thinking about considering an assault-weapon ban.” Well, technically speaking, current prices and …

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Al Roth, Matchmaker

Michael Giberson Stanford’s alumni association magazine has a good article on recent economics Nobelist Al Roth. Several things about the article will trigger resistance among some free market readers, beginning with the title (“The Visible Hand”) and the subhead (A new breed of economist, Alvin Roth brings an engineering sensibility to fixing markets.). Deep into …

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New Group Formed to Promote Research in U.s. Electric Power Markets

Michael Giberson Last week saw announcement of the Electric Markets Research Foundation. The group plans “to fund unbiased research that will examine the track records of centralized electricity markets and traditionally regulated markets in providing affordable and reliable supplies of power as well as meeting clean energy, transmission and environmental needs.” The news release continues: “There is a …

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