Lynne Kiesling Urban planning, sprawl, “smart growth”, and land use are issues that touch on the core issues that I find captivating. Thus I am always pleased to find thorough, logical discussions and analyses. Jane Galt’s post from Monday on smart growth is a good general discussion of the topic. I also found the comments …
Lynne Kiesling This transcript at Wonkette of Stewart’s appearance on the O’Reilly Factor reveals a lot about both men. And it’s a very entertaining read … according to O’Reilly, I’m a stoned slacker who is intoxicated while watching the Daily Show (or at least the probability of this being so is approximately 0.87). Anyone who …
How Do I Love Jon Stewart, Let Me Count The Ways … Read More »
Michael Giberson In my rather simplified understanding of the world, the reason for regulation of electric utilities is to protect consumers from monopoly power. So how does this reason explode into such an intertwining of government and business, that the economic fate of over 35 million people depends upon the decisions of a single man? …
Michael Giberson In an article so absurd that you really ought to read it for yourself, see the story from USA Today: “Economic Growth from Hurricanes Could Outweigh Costs.” It is so incredible that I am almost left speechless. Of course, no one expects a USA Today reporter writing about the weather to have training …
Lynne Kiesling So, I get back to my office about half an hour ago, after the first class session of my Environmental Economics course, to find this Marginal Revolution post by Alex Tabarrok on the following question: You can’t take it with you. A private owner of a natural resource, like a forest, therefore, will …
Michael Giberson Take billions of dollars of network assets owned by a number of local for-profit monopolists regulated by both state and federal agencies, turn control (but not ownership) of the assets over to a bigger regional monopoly organized as a non-profit run by an independent board, require that all major decisions must be vetted …
Non-profit Management Of Regulated Network Assets: Recipe For Efficiency? Read More »
Lynne Kiesling Many thanks to Andrew Morriss over at The Commons for the link to this Chay and Greenstone working paper on the effects of air quality on housing prices. The typical econometric method for performing such an analysis is called hedonic estimation, where your dependent variable is the house price and your independent variables …
Lynne Kiesling While we’re linking to PFF posts, I particularly think that more people should consider the ideas that Ray raises in this post on the perils of a naive acceptance of the perfect competition model. The point is the damage done by perfect competition models to the regulatory psyche. There is an unstated supposition …
Lynne Kiesling I haven’t written much about the house, largely because KP is meant to be primarily a professional outlet, but since it’s been the thing that has consumed most of my emotional energy over the past three months … It’s coming along. This weekend was the first time that I could actually say that …
Over on the PFF Blog, Ray Gifford responds to an economist’s concern over the potential anticompetitive effects of bundling. Read about The Sinister Practice of Bundling.
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