Economics

Melissa Thomasson on This American Life on Health Insurance

Lynne Kiesling The NPR Planet Money folks do a great job of communicating complicated economic ideas with more nuance and sophistication than any other media folks around. The most recent episode of This American Life is an outstanding example: 392: Someone Else’s Money This week, we bring you a deeper look inside the health insurance …

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More Post-season Tournament Design Issues: Mls Tiebreakers

Michael Giberson For DC United fans, the MLS season is over.  While some fans contemplate coaching and roster changes, a few of us are still scratching our heads about the MLS tiebreaker rules and the complications presented by the final weekend of play (which had five teams angling for two remaining post-season positions. See here …

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Calomiris on Econtalk

Lynne Kiesling If you aren’t listening to EconTalk (and you should be, it’s wonderful!), you will miss Russ Roberts talking with Charlie Calomiris about financial crises. Truly, simply, unequivocally outstanding. Charlie brings the perspective of an economic historian along with his prodigious background in macroeconomic theory and his deep institutional knowledge about banking history. Almost …

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Post-season Tournament Design: Seeding Issues

Michael Giberson The NCAA post-season basketball tournament is seeded such that better teams are paired against weaker teams in the first round.  In fact, the highest seeded team is paired against the weakest team, the second highest seeded team against the next weakest team, and so on.  If the better seeded teams win each game, …

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A Tree, a Rock, a Cloud, and Policy Toward Devices That Emit Carbon Dioxide

Michael Giberson Just because someone is professionally qualified to discuss a tree, a rock, or a cloud does not make them expert on what makes good public policy toward trees, rocks, or clouds.  Need an example?  Here is a clip from an interview with climate scientist Ken Caldeira on Yale Environment 360.  Caldeira is currently …

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Market Designs for Tres Amigas: How About Trilateral Market Coupling?

Michael Giberson More thoughts on economic issues related to the Tres Amigas project, an ambitious proposal to connect the Western, Eastern, and Texas electric grids via a three-way high tech transmission link located in eastern New Mexico. (Earlier: Tres Amigas intro and Economics for …). Europeans have had several years of experience connecting separate national …

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Roads and Paths As Common-pool Resources, and the Problem of Governing Them

Lynne Kiesling Yesterday at Reason’s Hit & Run Tim Cavanaugh wrote about something that I’ve been thinking about for a long time: the institutions we use for governing the shared use of paths between cyclists and motorists on roads, and among cyclists, walkers, runners, rollerbladers, etc. on multi-use paths. Tim’s starting point was Christopher Beam’s …

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