Economics

Supreme Court’s Decision To Free The Grapes

Lynne Kiesling Today the Supreme Court struck down the interstate wine shipment bans in several U.S. states. SCOTUSblog has the links to the decision documents. I’ve posted frequently here on the topic. According to this Wired story, By a 5-4 vote, the high court ruled that the bans involving out-of-state wineries unconstitutionally discriminated against interstate …

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Off To Colorado (darn)

Lynne Kiesling I am in the airport on the way to Colorado to teach at the PFF Institute for Regulatory Law & Economics. Experiments, technology, Schumpeter, Coase, public choice, good conversations. What more could a girl ask for? Posting volume will be a function of time availability.

Order: Emergent, Unplanned, Spontaneous

Lynne Kiesling Last week while I was in nose-to-grindstone mode (and traveling too), Russ Roberts had a very nice post on the difficulties of the word “spontaneous” in “spontaneous order”, and in general the challenge that we dynamic, forward-looking, spontaneous order folks have in communicating our ideas clearly and persuasively. Like Russ, I have changed …

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Metering And Pricing Activate Electricity Demand In California

Lynne Kiesling In today?s Wall Street Journal, Rebecca Smith writes about changes under way in California (sub. req.) that would enable the three investor-owned utilities to offer their customers sophisticated digital meters and pricing options. The initiative that Smith describes is the culmination of a joint PUC/Energy Commission effort over the past three years to …

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Competition Lowers Prices? You Don’t Say!

Lynne Kiesling I do say! So does this this nifty little news story from northeastern Ohio. The story points out the importance of being able to compare prices, and how that transparency leads to the process of prices heading toward the competitive equilibrium. Hat tip: Division of Labour.

Eat Fat To Lose Fat?

Lynne Kiesling Obesity has been much in the news lately, with last month’s study that indicates prior CDC extreme overestimates of the negative effects of obesity. Economist Steven Levitt waggishly observed that the information made eating fatty foods cheaper. And on these very pages I mused about the French paradox. Today comes two interesting additions …

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The Economist On Kicking The Oil Habit

Lynne Kiesling Last week’s Economist had several articles on energy policy, including this lead article on US energy policy and the energy bill that passed the House. This article does a nice job of pointing out what’s obvious, but obviously can’t be reiterated often enough, because it persists: US energy policy is a deeply-meshed rat’s …

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