Lynne Kiesling Last February I was thrilled to be invited to an economics bloggers forum at the Kauffman Foundation, organized by Tim Kane (who contributes to the Kauffman blog Growthology). As part of the forum the Kauffman folks recorded video interviews with each of us for their library. They have now released a video from …
Michael Giberson Philip Tetlock – the expert on political expertise – reviews three books on political forecasting for The National Interest, but the problem of selecting a good forecast equally applies in commerce: Reading these three books, it is easy to feel like a frustrated shopper wandering aimlessly down the forecasting aisle in the supermarket …
Michael Giberson I laughed at this line in an article in the Washington Post: But one survives by catching the other and selling it to be eaten. So, as economists say, their interests are not always aligned. The article discusses the Maryland state government’s attempt to reduce the number of “limited crab catcher” licenses in …
Crabs and Crabbers: “Interests Are Not Always Aligned” Read More »
Michael Giberson Robert Rapier draws attention to a Los Angeles Times story on a home-based ethanol system. Here are the first two lines from the story: It sounds too good to be true: A residential system that allows people to make fuel from old beer, leftover wine and other waste products and use it to …
If the E-fuel Microfueler Sounds Too Good to Be True… Read More »
Michael Giberson Al Roth, at his Market Design blog, mentions that his site had been flagged as possibly in violation of Blogger terms of service by his blog host’s anti-spam blog software. He reports that he can still post, but until he gets a review by the Blogger folks he must prove he is probably …
The Real Meaning of Al Roth’s Spam Blog Email: Time to Leave the Bargain Bin Read More »
Michael Giberson News reports indicate that the federal government is winding up “Cash for Clunkers” early next week on the expectation that claims will exhaust the $3 billion committed to the program. Just noticed this comment by Robert Barro of two weeks back (HT to Paul Walker/Anti-Dismal): The most ludicrous (though, fortunately, small) intervention thus …
Michael Giberson …from Robin Goldstein, after he observed “an unexpectedly spirited and … fascinating debate” in response to his earlier post (commented upon here at KP, but also many other places, including Freakonomics). He wrote, “Many have written to corroborate my claim that used bikes are unusually expensive in Portland, while many others have disputed …
Michael Giberson Christopher Knittel, at UC-Davis, has run some numbers on the “Cash for Clunkers” program and concludes that it is an expensive way to reduce carbon dioxide emissions: The Cash for Clunker program aims to stimulate the economy, provide relief for automobile manufacturers and reduce greenhouse gas emissions. In this research note, I present …
Michael Giberson Robin Goldstein tried buying a used bike in Portland, Oregon, found them to be pricey, and it led him to do a little data collecting. He tells the story in a post at Blind Taste, but just to jump forward to his numbers: From each of these cities I collected an extremely basic …
Michael Giberson Miriam Cherry and Robert Rogers explore the interaction of “Prediction Markets and the First Amendment.” If prediction markets are “expressive,” does that mean that U.S. government actions that constrain prediction market development potentially raise First Amendment issues on free speech grounds? The authors propose a way forward in which courts, at least until …
Does “Putting Your Money Where Your Mouth Is” Make Betting a Free Speech Issue? Read More »
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