economics

The Internet Archive lawsuit highlights the tricky economics of e-books and libraries

The Internet Archive lawsuit highlights the tricky economics of e-books and libraries

The Internet Archive — a nonprofit, online library that lent out digital books during the pandemic  — was found to infringe four publishers’ copyrights in a ruling made public last week. 

Back in March 2020, the Internet Archive launched the National Emergency Library, a collection of books that were accessible online at a time when schools and brick-and-mortar libraries were shut down. Users could borrow books without having to be part of a waitlist, in effect bypassing the rules that govern controlled digital lending.

Under controlled digital lending, libraries can digitize a physical book and lend out the digital version of it. But the catch is that if the digital version is lent out, then you can’t lend out the physical book at the same time.

Essentially, what got the Internet Archive into legal trouble is that it was lending out more copies than it had purchased, explained Dennis Prieto,

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The economics of Bitcoin mining

The economics of Bitcoin mining

This post originally appeared on ZeMing M. Gao’s website, and we republished with permission from the author. Read the full piece here.

While the whole world seems to be fixing its eyes on the bitcoin price charts, I closely watch a simple and mundane number:

The ‘transaction fee/subsidy’ ratios of BSV and BTC.

These ratios are the most significant Bitcoin chart to look at, because it is signaling the future.

Why is this important? Because this is where the dynamics of competitive mining economics is active.

In the past years, the total number of transactions on BSV blockchain has increased from nothing to first surpassing that of BTC and then reaching 10-100 times that of BTC as of March 2023.

If the trend continues, BSV miners will enjoy exponential growth of revenue from network fees, while BTC miners will face a growing avalanche of pressure to migrate to BSV for

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Why we need a new economics of water as a common good

Why we need a new economics of water as a common good

Water is the lifeblood of our planet — essential for keeping humans and every plant and animal alive. It helps to circulate carbon and nutrients in the air and in soils, and regulates climate. For millennia, Earth’s water cycle has provided reliable supplies and sustained conditions conducive to human development. Yet anthropogenic pressures are now pushing the cycle out of balance, threatening to undermine the reliability of rainfall itself.

The impacts are already being felt across the world — in devastating floods, such as those in Pakistan last year that killed 1,500 people and affected two-thirds of the country’s districts, and in severe droughts such as the five failed rainy seasons in a row that have brought more than 20 million people to the point of starvation in the Horn of Africa. Meanwhile, more than 2 billion people still lack access to safe drinking water, one child dies every 17

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Why are young people driving less? Evidence points to economics, not preferences

Why are young people driving less? Evidence points to economics, not preferences

Trends in driving behavior over the last 20 years have led to speculation about a less car-centric urban future. Young adults are less likely to have access to a vehicle in their home and are less likely to have a driver’s license. At first glance, this might appear to be a win for the city planners and urbanists who have advocated for policies that reduce auto dependence.

However, research indicates that it is changes in the circumstances of young adults that explains most of these trends. Neither better urban policy nor generational change is likely responsible for these changes—at least not yet.

Policies that prioritize pedestrians and transit users—such as congestion charging, reducing or removing minimum parking requirements, and building more pedestrian-friendly infrastructure—have notable benefits. But despite these improvements, it is probably a mistake to interpret the shifting behaviors of young adults as manifesting a preference for better urban policy.

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Governor Mills Nominates Renewable Energy Policy and Economics Expert to Maine Public Utilities Commission

Governor Mills Nominates Renewable Energy Policy and Economics Expert to Maine Public Utilities Commission
Governor Mills Nominates Renewable Energy Policy and Economics Expert to Maine Public Utilities Commission

Governor Janet Mills today nominated Carolyn “Carrie” Gilbert of Cape Elizabeth, an expert on renewable energy policy and economics, to serve on the Maine Public Utilities Commission (PUC).

For the past 15 years, Gilbert has worked at Daymark Energy Advisors, a leading national energy consulting firm. In her position as Managing Consultant, Gilbert provides expert advice to policymakers, regulators, developers, and commercial and industry energy users on renewable project development and economics, policy design, and competitive energy procurement models.

“Carrie Gilbert’s expertise in renewable energy policy will be a vital asset to the Maine Public Utilities Commission as it works to ensure a responsible, affordable and reliable energy future for the State of Maine and its people,” said Governor Janet Mills. “I thank Carrie for her willingness to serve the people of Maine.”

“I am honored that Governor Mills has nominated me to the Maine Public Utilities Commission,” said

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