Economics

Grid-friendly Appliances Can Avert Blackouts And Delay Investment

Lynne Kiesling One long-standing conundrum in electric power is that digital information technology has the potential to create a lot of benefits and automate a lot of costly real-time functions, but that it is not widely enough deployed. Exciting work at the Pacific Northwest National Laboratory is contributing to resolving that conundrum, through transactive control …

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Soaking The Rich Is Not The Paradigm Shift Germany Needs

Lynne Kiesling Tyler’s got a link to some information on Germany’s ruling SDP’s proposal to impose an additional 3% income tax for those earning above 250,000 Euros. The appalling claim, though, is that the putative objective of this policy is to rally disaffected voters, not to raise any meaningful amount of tax revenue. What is …

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Hahn And Sunstein On The Precautionary Principle

Lynne Kiesling Speaking of benefit-cost analysis, the new issue of The Economist’s Voice that came out yesterday has an article by Bob Hahn and Cass Sunstein on the precautionary principle. I have given it only a cursory reading, but it’s a good, readable argument about why the precautionary principle does not yield useful decision rules, …

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There Oughtta Be A Law (Apologies To Radley)

Lynne Kiesling OK, this is downright obscene: Starting Aug. 1, when the 2004 California Electrical Codes automatically take effect, residents will have to apply for a city building permits to replace or add wall, porch and ceiling lamps, light switches, electric receptacles, and other common do-it-yourself chores. So changing that noisy electrical switch with a …

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