Michael Giberson Auctions, especially auctions of government property, are not a tool of the rich… As principles of market design become more thoroughly articulated and widely understood, the sphere of governmental discretion will shrink. More and more, politicians will be forced to play by the rules. That’s David Warsh writing on the relationship between the …
Auctions As Tools to Limit Government Discretion Read More »
Michael Giberson Way to go, Sen. Goss. Now grandma in Wilmington is gonna go three days without a flashlight ‘cuz you don’t understand basic economics. That is the conclusion of a post on Carolina Politics Online about a proposal by North Carolina state senator Steve Goss to not limit the state’s price gouging law to …
Price Gouging Policy As Rendered in Everyday Politics Read More »
Michael Giberson The Salt River Project is, among other things, a fairly substantial electric utility serving customers in the state of Arizona. As it is a state-chartered entity, not an investor-owned utility, it is not subject to regulation by the Arizona Corporation Commission. But that didn’t stop a couple of Arizona state commissioners from opining …
Arizona Commissioners’ Views on a Non-jurisdictional Utility’s Cost-Cutting Plan Read More »
Michael Giberson An effective zone pricing ban in Connecticut would have the effect of equalizing the wholesale price to gasoline retailers in the state. As such, it would benefit some retailers and harm others. TheDay.com presents commentary from an owner of a retail gasoline station who expects to be harmed by the zone pricing ban …
Gasoline Retailer Opposes a Zone Pricing Ban in Connecticut Read More »
Michael Giberson From the Pinkies website: Tom “Pinkie” Roden established Pinkie’s back in 1934, less than one year after the 21st Amendment to the Constitution was ratified (by an extraordinary 73%), ending 14 years of prohibition. Carrying on the work that Pinkie started back in 1934, we have grown into a chain of fifteen wine …
Where I Am Not Shopping for Alcohol in Lubbock, Texas Read More »
Michael Giberson From the Buffalo, New York, BusinessFirst: In a letter sent May 13 by FTC Chairman Jon Leibowitz to Higgins, the agency said after a careful and extensive investigation, regulators could not find any evidence of illegal activity in gasoline markets in any of the affected cities. The agency monitored prices in Buffalo, Jamestown, …
Congressman to Western New York Gasoline Retailers: We Will Be Watching You Read More »
Michael Giberson A shortened version of Michael Trebilcock’s commentary on wind power, mentioned here the other day, was published in the Financial Post under the not so subtle title of, “Wind power is a complete disaster.” The Financial Post subsequently published a reply by Sigurd Lauge Pedersen, a Senior Adviser to the Danish Energy Agency: …
Michael Giberson Geoffrey Rapp, (“Gouging: Terrorist Attacks, Hurricanes, and the Legal and Economic Aspects of Post-Disaster Price Regulation”, Kentucky Law Journal, 2006) expresses concern that fairness-based advocates of anti-price gouging laws and efficiency-minded opponents of such laws have such different approaches to the issue that there is “no way to reach a shared understanding of …
Anti-price Gouging Laws and Economic Efficiency: On Rapp and Skarbek on Price Gouging Read More »
Michael Giberson From the Hartford Courant (May 11, 2009): A bill in the General Assembly that would force gasoline wholesalers to charge the same price to retail dealers across Connecticut would likely raise the price of fuel for most motorists and make the market less responsive to competition. Legislation to ban so-called zone pricing has …
Hartford Courant Editorializes Against Zone Pricing Ban in Connecticut Read More »
Michael Giberson From RenewableEnergyWorld, an news release from solar developer Conergy: Going Green Reaches Economic Tipping Point at Wine and Shine 2009 Solar Energy Experts Conergy and Three Renowned California Vintners Showcase How Today’s Clean, Renewable Solar Energy Solutions Can Reap Millions In Cash Rebates, Tax Incentives and Energy Savings PASO ROBLES, CA – April …
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