Who should be able to bid for oil and gas leases on federal land?

Michael Giberson At PERC Reports, Shawn Regan argues that rules preventing direct participation by environmentalists in federal land lease auctions leaves few options available to such groups other than lobbying for political protection (or worse): Under current federal leasing rules, leases cannot be held by environmental groups for non-consumptive use. Even if they are the… More Who should be able to bid for oil and gas leases on federal land?

Crabs and crabbers: “Interests are not always aligned”

Michael Giberson I laughed at this line in an article in the Washington Post: But one survives by catching the other and selling it to be eaten. So, as economists say, their interests are not always aligned. The article discusses the Maryland state government’s attempt to reduce the number of “limited crab catcher” licenses in… More Crabs and crabbers: “Interests are not always aligned”

Auctions as tools to limit government discretion

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… More Auctions as tools to limit government discretion

Administration abandons airport landing slot auction

Michael Giberson From the New York Times City Room, “U.S. Won’t Auction Airport Landing Slots“: The United States Department of Transportation has canceled a plan to auction landing slots at New York City’s three airports, officials announced on Wednesday, bringing an end to a widely criticized effort by the Bush administration to use market incentives… More Administration abandons airport landing slot auction

One aspect of auction design that may need greater attention

Michael Giberson Al Roth at Market Design, once again commenting on bidding in auctions while not intending to pay as a form of protest. (Earlier he posted on a similar tactic in an BLM oil and gas lease auction; here was my earlier post on his earlier post.)  Roth cites the New York Times: article… More One aspect of auction design that may need greater attention