Lynne Kiesling I highly recommend Arnold Kling’s Tech Central Station article today on the implications of the very mathematical methodology of modern economics. Arnold’s article is inspired by this recent Cato Journal article from Dartmouth economist Meir Kohn, which I also recommend to you. Actually, I have to say that I find Kohn’s paper to …
Lynne Kiesling Tuesday’s Wall Street Journal had an installment in its regular series called “The Cranky Consumer”, in which one of the WSJ writers goes out into the market and reports on the consumer experience. Tuesday’s installment was written by Rebecca Smith, the Journal’s regular electricity writer and one of the best energy journalists around. …
The Cranky Consumer On Electricity “Deregulation” Read More »
Lynne Kiesling In my previous “thinking out loud” post on institutional change, I ended with this question: Institutional change is in many ways itself a constructivist exercise. Is there a way to make the process of institutional change more organic, and thus more likely to lead to “valuable, meaningful, forward-looking, robust, evolutionarily adaptive institutional change”? …
Difficult Thinking About Institutional Change Iii: Ostrom’s Design Principles Read More »
Lynne Kiesling Over at Truck and Barter Ian cook has a post on a new nanotech solar achievement. This company claims to have used nanotech’s self-organizing properties to get the cost of generating power using solar energy to 5 cents per kilowatt hour. I hope that this breakthrough is robust. Another solar nanotech entrepreneur is …
Lynne Kiesling I don’t read or link to Technology Liberation Front frequently enough. I typically find that the authors there make arguments similar to ones I would make, and do so with more eloquence and expertise. Take, for example, this recent post from Adam Thierer on telecom mergers, which provides some useful analysis of why …
Lynne Kiesling Thanks to Stuart Benjamin at Volokh Conspiracy for his post on spectrum poicy, including a reference to this National Journal article on spectrum. The evidence keeps mounting that a spectrum policy that 1. is based on licensing and not ownership, 2. protects the fractured incumbency, and 3. is so clearly a political and …
How Much More Obvious Does Rethinking Spectrum Policy Have To Be? Read More »
Lynne Kiesling My first stab at answering the question at the end of my previous post starts with what I think is a basic claim, but one that does not get discussed much, or well, in electricity policy debates: All other things equal, organic competition outperforms ordered/managed competition in delivering long-run dynamic benefits to both …
Difficult Thinking About Institutional Change Ii: Organic Or Ordered Competition? Read More »
Lynne Kiesling My first stab at answering the question at the end of my previous post starts with what I think is a basic claim, but one that does not get discussed much, or well, in electricity policy debates: All other things equal, organic competition outperforms ordered/managed competition in delivering long-run dynamic benefits to both …
Difficult Thinking About Institutional Change Ii: Organic Or Ordered Competition? Read More »
Lynne Kiesling Those of you who read KP for commentary and analysis of electricity regulatory policy (and I thank you sincerely for doing so!) have probably noticed a relative dearth of such commentary and analysis in the past couple of months. I can’t speak for Mike, but the truth is that for my part, I …
Difficult Thinking About Institutional Change I: A Claim And A Question Read More »
Lynne Kiesling Here’s a placeholder link to some new (to me!) economics and technology sites, until I have time to update the links template: Division of Labour (home of my long-standing and delightful acquaintances Larry White and Deirdre McCloskey, although DM has yet to post) Market Power Economics Roundtable (not really new to me, but …
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