Lynne Kiesling This past weekend in his Dear economist column in the Financial Times, Tim Harford takes on the question of how to minimize free riding among roommates who share a refrigerator. Seven students share a house, but only three buy milk; the other four free ride on the others, with no repurcussions: Free riding …
Michael Giberson An article recently published in Science reports on research demonstrating that while many people initially prefer participating in groups without the ability to punish or be punished by others, over time subjects migrate into a group allowing punishment. Or, as the authors — ?zg?r G?rerk, Bernd Irlenbusch, and Bettina Rockenbach — explain it …
Ian Cook [NOTE: Our anti-spam software does not like something in Ian’s comment, so he graciously gave his consent to post this as a guest post — ed.] Unfortunately, I don’t know much about the institutions specifically within the electric power industry, so I imagine this will be of limited help. But, that’s never really …
Lynne Kiesling In my previous post about organic institutional change, I pondered Ostrom?s eight institutional design principles. She applies her analyses to common pool resources (CPRs). Are they also applicable to changing electricity regulation institutions? Obviously I suspect that the answer is ?yes? or I wouldn?t be putting us all through this. One of the …
Lynne Kiesling Thanks to Jonathan Adler for his recent post on a new paper on integrated river basin management. The paper, by William Blomquist (IUPUI), Ken Calbick and Ariel Dinar (both of World Bank), is available at SSRN. I have not yet read it, but it looks like an interesting analysis of a set of …
Arnold Kling recently commented on this Tech Central Station article on water privatization, a crucial issue. Water is one of the most inefficiently and abominably allocated resources that we have, which is appalling given its scarcity and its importance. In the American Southwest we are already starting to see some of the negative effects of …
For economics commentary from a British perspective, check out the new Adam Smith Institute blog (with thanks to William Sjostrom for the pointer).
Many thanks to William Sjostrom for posting the link to a short article on how to craft a successful paper presentation. I think it hits the nail squarely on the head: Any effective talk must do three things: communicate your arguments and ideas, persuade your audience they are true, and be interesting and entertaining. In …
Many thanks to William Sjostrom for posting the link to a short article on how to craft a successful paper presentation. I think it hits the nail squarely on the head: Any effective talk must do three things: communicate your arguments and ideas, persuade your audience they are true, and be interesting and entertaining. In …
Many thanks to William Sjostrom for posting the link to a short article on how to craft a successful paper presentation. I think it hits the nail squarely on the head: Any effective talk must do three things: communicate your arguments and ideas, persuade your audience they are true, and be interesting and entertaining. In …
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