Lynne Kiesling I am in the airport on the way to Colorado to teach at the PFF Institute for Regulatory Law & Economics. Experiments, technology, Schumpeter, Coase, public choice, good conversations. What more could a girl ask for? Posting volume will be a function of time availability.
Lynne Kiesling Thanks to Stuart Benjamin at Volokh Conspiracy for his post on spectrum poicy, including a reference to this National Journal article on spectrum. The evidence keeps mounting that a spectrum policy that 1. is based on licensing and not ownership, 2. protects the fractured incumbency, and 3. is so clearly a political and …
How Much More Obvious Does Rethinking Spectrum Policy Have To Be? Read More »
Lynne Kiesling Over at the Adam Smith Institute blog Eamonn Butler had a post on the Royal National Lifeboat Institution, a famous example that has been used first to illustrate and then to debunk the traditional argument in favor of centralized provision of so-called public goods: There was a time, a century ago, when the …
Lynne Kiesling In the past couple of weeks I’ve been thinking a lot about the problem of status quo bias in the context of achieving meaningful policy change in the electric power industry. If it’s natural for us to prefer the status quo even in the face of beneficial change, how can we overcome those …
The ideas that have captured my attention recently (such as government funding of culture) have a central theme: the extent to which something is a public good, and what those public good characteristics imply for public policy. If a good (or service) has public good characteristics, does that fact necessarily imply that its provision should …
Network Reliability As A Public Good, And What To Do About It Read More »
The folks at Catallarchy have been on a total roll, particularly this post on Roger Ebert channeling Ronald Coase, and this post on physics envy in mainstream economics. Brian’s physics envy post has a quote from Ludwig von Mises that I find particularly relevant to some of the more philosophical issues I’m thinking about in …
Knowledge Problem will be taking a two-week holiday, resuming on Sunday 21 September. I am headed to Budapest for a week to participate in the graduate student workshop of the Ronald Coase Institute and to present a paper at the annual conference of the International Society for New Institutional Economics (ISNIE). After that, a week’s …
Virginia Postrel’s written a must-read Economic Scene column in today’s New York Times. Its topic is specialization, and specifically the move away from vertical integration in the structure of many industries. Technological change has contributed to making this move possible and profitable. There’s a large field in new institutional economics that explores precisely this dynamic. …
Virginia Postrel’s written a must-read Economic Scene column in today’s New York Times. Its topic is specialization, and specifically the move away from vertical integration in the structure of many industries. Technological change has contributed to making this move possible and profitable. There’s a large field in new institutional economics that explores precisely this dynamic. …
Virginia Postrel’s written a must-read Economic Scene column in today’s New York Times. Its topic is specialization, and specifically the move away from vertical integration in the structure of many industries. Technological change has contributed to making this move possible and profitable. There’s a large field in new institutional economics that explores precisely this dynamic. …
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