Economics

Is “First in Time, First in Right” the Best Way to Allocate Rights to Wind Energy?

Economics, Electricity / By

Michael Giberson At EnergyPulse, Ron Rebenitsch discusses the unsettled foundation of the wind power industry: uncertain rights to use the energy present in the wind. Currently the industry seems to work on a “capture what you can” model, but the approach has its problems and the problems are likely to become more pronounced as the …

Is “First in Time, First in Right” the Best Way to Allocate Rights to Wind Energy? Read More »

Building New Transmission ? Smart Grid

4 Comments / Economics, Electricity, Regulation, Technology / By

Lynne Kiesling When I was reading around for my post on smart grid and renewables interconnection, I found several different parties willing to elide the two, to gloss over the important, subtle distinction between building new wires and incorporating digital intelligence and communication capabilities into a wires network. They are potentiall related, but different, and …

Building New Transmission ? Smart Grid Read More »

Becoming a Pull Organization, or an Industry of Pull Organizations

Complexity, Economics / By

Lynne Kiesling I really like this HBS blog post called The Case for Institutional Innovation from John Hagel, John Seely Brown, and Lang Davidson. In it they argue that future organizations are more likely to be “pull organizations”: Pull-based institutions are those that bring the force of attraction to bear on tens or even hundreds …

Becoming a Pull Organization, or an Industry of Pull Organizations Read More »

Aig-Ency Problems

1 Comment / Economics / By

Michael Giberson At the Streetwise Professor, Craig Pirrong finds that the current political flap over AIG bonuses well illustrates the value of rules over discretion. His conclusion matches my view: “Several hundred million dollars is a lot of money.  But it pales in comparison to the amount that would be lost by undermining contracts and …

Aig-Ency Problems Read More »

Will Pricing Carbon Raise Electricity Prices?

4 Comments / Economics, Electricity, Environmental policy / By

Lynne Kiesling UPDATE: Thanks to the commenter who alerted me that I mis-labeled my graph, and that equilibrium B should be at the intersection of S’ and D’. I may not get to update the graph Monday, my apologies. There’s been an interesting discussion going on this week building off of a Sean Casten post …

Will Pricing Carbon Raise Electricity Prices? Read More »

Because It is Not News Until It is on Comedy Central; Or, Carbon Taxes Their Brains

3 Comments / Economics, Education, Energy markets / By

Michael Giberson Carbon tax and cap-and-trade fun, courtesy of the Wall Street Journal editorial page and bloggers at Common Tragedies. In brief: on Monday the WSJ lead editorial complained about the distributional effects of cap-and-trade, correctly noting that the effect of pricing carbon would depend on consumption but misleadingly illustrated with a chart based on …

Because It is Not News Until It is on Comedy Central; Or, Carbon Taxes Their Brains Read More »

Copyright © 2022 Knowledge Problem Archive