d.repec.org/n?u=RePEc:diw:di… The rough translation? the coase theorem says it doesn't matter how you allocate the property rights, you end up with pareto optimal.This says that's true for large firms, but not for the little guys, but it doesn't matter because little guys are little.

[Optimal Dispatch of a Coal-Fired Power Plant with Integrated Thermal Energy Storage](d.repec.org/n?u=RePEc:ris:ew…) I was recalling the transition to electric light from gas light. Gas light got really innovative and efficient at the very end, but could not defeat electricity.

Just an abstract read on India adding new renewable gen. I'm hard pressed for an example of the new tech helping the old tech 'equitably transition'. Usually it's a bum rush. d.repec.org/n?u=RePEc:cam:ca…

A pig lives down the block from these two.

...and yes, that was my first tweet in about two years.

Morning reading. nber.org/system/files/workin… I'm always more worried about the extensive, firms moving, margin, rather than the intensive, growing and shrinking. It is the heart of the Trade Exposed Emissions Intensive industries problem.

We have a new handmade candy shop in the neighborhood. Dropped in and got sugar free chocolates. It will be part of our weekly shopping.

Besides all these cool events, Gateway park will also be manned daily.

My favorite feature of the new Gateway park. You spin the wheel and water comes out so you can make sandcastles in summer.

A man is dead. It is unclear if this was an open carry, concealed carry or problems distinguishing a good guy with gun from a bad guy with a gun. PSU took a $10M (fuzzy recall) budget hit when we armed campus police. The lawsuit after this adds to that. kgw.com/article/news/local/m…

Universities taking a larger share of faculty IP results in a decrease in IP production. PSU is starting to take more copyright (course materials, exams, homeworks, slides) and takes all trade secrets (Grade decisions on homeworks. Useful for automation.)pubs.aeaweb.org/doi/pdfplus/…

When the judge's football team loses, you get a longer sentence. pubs.aeaweb.org/doi/pdfplus/…

Glad to see the local team win a game. Timbers and Mexico.

Spring grades are in. I'm done for the day, but will be awake by 8am for the Mexico game.

The quadrennial decrease in global productivity starts now. See you next month.

Prosper Portland is doing some outreach on gateway development at maywood park mhcc campus at noon today.

One one hundred, two one hundred, three one hundred. Cloudburst.

Hail, cloud bursts...Pretty happy we decided not to go backpacking this weekend.

Grrrrrr....The hooding ceremony for masters and Ph.D. students overlaps the Portugal v Spain game.

Recycling Is Religion wweek.com/news/2018/06/06/re… The feebate also avoids Oregon's famous 3/5 majority clause. It is only one way of aligning incentives so the cost of disposing of packing material is paid for by those that choose the material.