Lynne Kiesling Just a quick note to accompany the discussion in the comments on Mike’s post about Southwest Airlines, Delta Airlines, and fuel price hedging: a couple of weeks ago Virginia Postrel had a very good analysis of the reasons why the Delta-Conoco transaction is not a good idea, in her regular column at Bloomberg …
Lynne Kiesling For the past year and a half a lot of my mental bandwidth has been dedicated to learning how to teach principles of macroeconomics. It’s harder than you think, and harder than I thought; yes, every academic economist should be able to teach it in terms of the knowing the material, but that’s …
Effective Philanthropic Aid and the Solow Growth Model Read More »
Lynne Kiesling Yesterday was Earth Day, and here’s a good way to observe it: Andrew Langer and Iain Murray argue for catch shares as a sustainable free-market fisheries policy. The idea is simple: give fishermen an ownership stake in a particular fishery through the assignment of quotas, which can be traded. The quotas give individual …
Lynne Kiesling This year’s NHL Stanley Cup playoffs are in the first round, and so far the violence has been horrific: “The most vicious and, perhaps, disgraceful first round of the Stanley Cup playoffs” was the verdict of Stu Hackel, the former director of broadcasting for the N.H.L., and this is now close to a …
Nhl Suspends Torres for Hossa Hit; Have We Achieved Incentive Compatibility? Read More »
Lynne Kiesling Today in Forbes Art Carden has an essay arguing that we should end the War on Drugs and make marijuana legal, now. He’s right. Here’s why. As Art argues, the War on Drugs is a policy poster child for unintended consequences, because the inelastic demand for the regulated good means that stronger enforcement …
Lynne Kiesling On Monday the Union of Concerned Scientists released an analysis estimating the MPG equivalence of electric vehicles. The point of the analysis is this: taking as given an objective of greenhouse gas emission reduction, how do electric vehicles compare to internal combustion vehicles in that dimension? To do such an analysis requires comparing …
Lynne Kiesling Last week the New York Times hosted a conference called “Energy For Tomorrow”, and they have made video from all of the sessions available; there are several sessions discussing energy efficiency, natural gas, renewables, etc. I watched the closing plenary on Friday, for which the topic was subsidies in any or all energy …
Lynne Kiesling From the wish-I’d-said-it file (actually, I have said it, just not so eloquently), at Aguanomics: The problem with planners is that they cannot be as flexible or accurate as individuals making their own choices when those choices do not affect each other or can be coordinated at a low cost.
Lynne Kiesling Today in Technology Review, Jonathan Koomey has an interesting analysis of computational energy efficiency. We’re all familiar with Moore’s Law — Gordon Moore’s prediction that the number of transistors on a chip will double approximately every two years — but I did not realize that Moore’s Law is also borne out in improvements …
The Internet of Things and Computational Energy Efficiency Read More »
Lynne Kiesling I mentioned a while ago my working paper on the neuroscience research on mirror neurons and its relevance for Adam Smith’s theory of sympathy developed in The Theory of Moral Sentiments (1759). After revision and some extremely helpful referee guidance, the paper has been published in The Review of Austrian Economics: Mirror neuron …
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