Lynne Kiesling OPEC has just announced its intention to boost production by 2 percent in April, in response to which prices fell to below $55/barrel. See one of these many news stories for further details and analysis.
Lynne Kiesling Back home, enjoying the early morning alertness that comes with east-west-flying jet lag … one of the first places I went was Virginia Postrel’s new Forbes column on the Barry Schwartz & Company anti-choice literature. I’ve always found these anti-choice arguments unpersuasive; at worst you can argue that too much choice can increase …
Anti-Choice Arguments And Adaptive Institutional Design Read More »
Lynne Kiesling Most people who like to observe human action and its inherent dynamism (in tension with some inherent stasism, too) seem to be fascinated by cities. I love cities ? their histories, their energy, their culture, their architecture (and yes, let?s admit it, their restaurants, and shopping). The various neighborhoods in east London are …
Lynne Kiesling Last week Senators Burr (NC), Landrieu (LA), and Lott (MS) introduced S.498, ?To provide for the expansion of electricity transmission networks in order to support competitive electricity markets, to ensure reliability of electric service, to modernize regulation and for other purposes.? The proposed bill is at best a tweak of the Federal Power …
Senate Bill S.498: Removing Barriers To Competition? Read More »
Lynne Kiesling Looking for updates on oil prices, OPEC strategy, and other such global energy financial issues? I recommend The Capital Spectator, where James Picerno opines clearly and analytically about such things. Here in Chicago, it’s the sustained high world oil prices combined with it being March that drives up our gas prices. Why March, …
Lynne Kiesling According to Larry Lessig in this article from March’s Wired issue, it’s state officials. In writing about municipal WiFi, Lessig argues that [t]he telcos’ argument isn’t much more subtle than that of the simpleton who began this column: Businesses shouldn’t have to compete against their governments. What the market can do, the government …
Who’s Stifling Competition To Keep Prices High In Telecom? Read More »
Ian Cook [NOTE: Our anti-spam software does not like something in Ian’s comment, so he graciously gave his consent to post this as a guest post — ed.] Unfortunately, I don’t know much about the institutions specifically within the electric power industry, so I imagine this will be of limited help. But, that’s never really …
Lynne Kiesling In my previous post about organic institutional change, I pondered Ostrom?s eight institutional design principles. She applies her analyses to common pool resources (CPRs). Are they also applicable to changing electricity regulation institutions? Obviously I suspect that the answer is ?yes? or I wouldn?t be putting us all through this. One of the …
Lynne Kiesling I am pleased to announce my new-and-improved Northwestern faculty web page, designed by NU student Lauren Holliday. This page will have syllabi for my classes, copies of working papers, and other such things. I love the clean, elegant design that Lauren created. Unbeknownst to her, in developing the graphics for it she hit …
Lynne Kiesling Refined product prices hit a peak today, as did oil prices, according to Bloomberg. This is the time of year when refiners switch over from producing winter fuel to summer fuel, and have to start the complicated and costly process of depleting winter stocks in their tanks. Fires at refiners don’t help either.
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