Economics

Microsoft’s Hohm Joins the Smart Grid Fray

Lynne Kiesling Microsoft announces its new Hohm service: Called “Hohm” (presumably, a play on the combination of “home and “Ohm”), the product will take advantage of smart grid data on energy use when it’s available. Even when it’s not, however, Hohm will allow users to input their own details and share the results of their …

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Another Waxman-markey Blemish: Reinforcing the Obsolete Utility Business Model

Lynne Kiesling Over the past few days Josh Blonz at Common Tragedies had a couple of posts (here and here) about the permit allocation issues in the Waxman-Markey bill, and yesterday Tim Haab picked up the conversation thread. They are both focusing on the welfare and efficiency implications of the proposal to allocate permits to …

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A New Paper, and Presenting It at Conferences This Week

Lynne Kiesling My co-author David Chassin and I have a new working paper available at SSRN from the GridWise Olympic Peninsula testbed demonstration project: Beneficial Complexity: A Field Experiment in Technology, Institutions, and Institutional Change in the Electric Power Industry This paper presents and analyzes the results of a recent field experiment in which residential …

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Water Footprint As the Next Big Thing

Lynne Kiesling Wednesday’s Christian Science Monitor had an interesting article about burgeoning water scarcity issues: Move over, carbon, the next shoe to drop in the popular awareness of eco-issues is the “water footprint.” That’s the word in environmental circles these days. Just as the image of a heavy carbon foot made it possible for the …

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Waxman-markey is Really a Command-and-control Energy Bill? No, Say It Ain’t So!

Lynne Kiesling While we’re on a carbon note … [sarcasm] yeah, I’m shocked, really, totally shocked that, as Virginia Postrel notes, the 946-page Waxman-Markey House energy bill proposal is really a piece of command-and-control legislation.[/sarcasm] The WaPost notes that the “cap-and-trade” bill sponsored by Henry Waxman and Edward Markey is, in fact, loaded with all …

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Mankiw on the B-School Economist

Michael Giberson Mankiw speculates on the differences between Econ department economists and business school economists. Among his suggestions, self-selection by the faculty member, the kind of research rewarded in each place, and this remark about the focus of students: Faculty who teach PhD students are used to being asked, “How did you derive that first-order …

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Innovations in Solar Inverter Technologies, and Their Economic Impact

Lynne Kiesling Following up on Mike’s solar policy post from last week … one of the sub-areas in which development is occurring that I consider thoughtful, and unheralded, is in inverter technologies. When an array of photovoltaic panels generates electricity, it generates a direct current, but for use in conjunction with our alternating current distribution …

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