Apple’s jack and incumbent vertical market power

  Apple’s controversial decision to remove the universal 3.5mm audio jack from its just-released iPhone 7 has several economic dimensions. All of them are a consequence of Apple’s proprietary architecture (colloquially known as “Steve’s walled garden”) and the extent to which Apple is trying to/able to exercise incumbent vertical market power. How much market power … More Apple’s jack and incumbent vertical market power

Widespread access to thermal imagery will boost home energy efficiency

When the cameras built in to everyday phones have smart thermal imaging capability, then – finally – the dreams of energy efficiency experts will come true. Consumers will have easy access to pictures showing hot spots and cold spots around windows and doors and on walls and ceilings. People will spend more to replace windows and … More Widespread access to thermal imagery will boost home energy efficiency

Power Up: The framework for a new era of UK energy distribution

The Adam Smith Institute has published a research report I wrote for them, Power Up: The framework for a new era of UK energy distribution. From the press release: The report … argues that new technologies such as smart grids and distributed energy production can revolutionise old models of energy distribution and pricing, in the … More Power Up: The framework for a new era of UK energy distribution

Technological change, culture, and a “social license to operate”

Technological change is disruptive, and in the long sweep of human history, that disruption is one of the fundamental sources of economic growth and what Deirdre McCloskey calls the Great Enrichment: In 1800 the average income per person…all over the planet was…an average of $3 a day. Imagine living in present-day Rio or Athens or … More Technological change, culture, and a “social license to operate”

Forthcoming paper: Implications of Smart Grid Innovation for Organizational Models in Electricity Distribution

Back in 2001 I participated in a year-long forum on the future of the electricity distribution model. Convened by the Center for the Advancement of Energy Markets, the DISCO of the Future Forum brought together many stakeholders to develop several scenarios and analyze their implications (and several of those folks remain friends, playmates in the … More Forthcoming paper: Implications of Smart Grid Innovation for Organizational Models in Electricity Distribution