Lynne Kiesling Here’s a good piece of news from the fishery and common pool resource front: salmon and steelhead populations are dramatically larger in the Pacific Northwest than anticipated, and than they were last year. … More than 680,000 Coho salmon returned to Oregon last year, double the number in 2007. The Coho run was …
Lynne Kiesling Some drive-by blogging today: -Although it is currently not commercial and does not look like it will necessarily put a big dent in greenhouse gas emissions, this copper material that binds to carbon dioxide to generate useful chemicals is very cool and promising. This is the kind of ingenuity and innovation that makes …
Michael Giberson What does “price gouging” mean? Commonly it is taken to refer to merchants raising prices substantially on necessities during emergencies. Each of the three elements – substantial price increase, necessary items, emergency periods – is part of a proto-typical case of price gouging. However, the term is frequently also used in cases lacking …
Stretching the Meaning of “Price Gouging” in Venezuela and Alaska Read More »
Lynne Kiesling Glen Whitman has been posting excerpts from his Arizona Law Review paper with Mario Rizzo on the “new paternalism” for a while, and his most recent discussion has to do with the paternalist policy recommendations around the human tendency toward hyperbolic discounting. Hyperbolic discounting means that individuals tend to place more weight on …
Whitman and Worstall: Apply “New Paternalism” Logic to Policymakers Too Read More »
Lynne Kiesling A random observation on the plenitude of market processes: a single visit to Target this morning enabled me to solve several pressing needs as well as some unanticipated ones (and on sale, even!). I can’t even express how irrepressibly happy the whole experience left me. It’s those simple, frequently unacknowledged experiences that really …
Lynne Kiesling Last Friday National Public Radio ran a Planet Money story called “Do smart meters curb energy use?” (first link is to program listing, second is to story transcript) Members of the KP community will not be surprised by any of the content in the report, but it does provide a good introduction to …
Lynne Kiesling Whirlpool and Direct Energy have long been two of the most forward-looking companies working in the electricity value chain. Whirlpool was the appliance partner on the GridWise Olympic Peninsula transactive network project, and have committed to all of their global products being grid friendly and transactive by 2015. Direct Energy, an energy retailer, …
Lynne Kiesling The snowy weather across much of the northern hemisphere this week is being disruptive in many ways. At the Freakonomics blog, Eric Morris highlights one unanticipated and unintended disruption — snow obscuring energy-efficient LED traffic lights: The biggest weakness of LEDs is their biggest strength – they don’t radiate much heat. What on …
Lynne Kiesling Count me among the economists who enjoyed the Wall Street Journal’s funny article about how cheap we are. But I also get a lot of pleasure out of trimming the Christmas tree, so I’m not inclined to be so stringent in following comparative advantage that I want to hire someone to do so. …
Wolfers on Cheap Economists and Comparative Advantage Read More »
Lynne Kiesling Ever since David Luhnow’s article in the Wall Street Journal on how drug legalization in the U.S. could reduce the horrific violence going on in Mexico right now, I have been mulling over writing about it. Happily, David Henderson has done so at Econlog, and much of his commentary is along the lines …
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