Economics

Cass Sunstein, Oira, and Nudging

Lynne Kiesling On Thursday President-elect Obama named law professor Cass Sunstein to head the Office of Information and Regulatory Affairs, an executive-branch office with the mission of analyzing and coordinating federal regulation. Most recently, Sunstein is known for his work with Richard Thaler on “choice architecture” and behavioral public policy, including their book Nudge. Others …

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Low Entry Barriers in Electric Car Market

Lynne Kiesling Very interesting story in today’s Wall Street Journal about BYD, a Chinese firm manufacturing electric vehicles. One of the most interesting points in this article: despite the global economic downturn, BYD is increasing its operations, first in China and then planned for US and Europe, because entry barriers are lower in the electric …

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New Energy Blog: Master Resource

Lynne Kiesling Welcome Master Resource to the party! It’s a free-market energy blog with a decidedly Julian Simon-esque flavor, so I think these will be welcome online voices in our upcoming energy policy discussions. And thanks to Steve Horwitz for the pointer, and his kinds words about Knowledge Problem.

Apple’s New Itunes Pricing and Drm-free Songs: the Results of Competition

Lynne Kiesling Yesterday Apple announced two changes to its iTunes policies: they are introducing price discrimination, and they are removing DRM copy protection from the songs sold through iTunes. Resulting from extensive negotiations between Apple and record companies, these are two long-anticipated and welcome changes, and they are the consequence of competition in two different …

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Couple of “Food Miles” Items

Lynne Kiesling One topic that has gotten some attention in 2008 is “food miles”, or the estimate of the environmental impact of the total resource use and transportation required to get food from grower to consumer. One argument for eating more locally-produced food is that it reduces the transportation impact; however, in making that argument …

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The Blagojevich Saga: the Psychology of Power, and Rent-seeking

Lynne Kiesling Two items have kept my attention over the holidays with respect to the Blagojevich fiasco. First, back when the story first broke, our local NPR station interviewed my colleague Adam Galinsky on the psychology of power. Adam’s research is fascinating, and in this interview he communicates very effectively how positions of power affect …

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