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Comment Re:Epinephrine cost per dose in about 50 cents (Score 1) 46

Well, it's the very fact that the alternative is, possibly, death that makes it possible for a company to do this. This thing occupies a peculiar corner case where the demand is modest, but inelastic.

This means a monopolist can milk the market by raising the price to insane levels, but because the market is small no competitor wants to enter it. Were the market to become competitive it is so small that the newly entered competitors wouldn't make much off their efforts. This is contrasted with statins, which are blockbuster drugs. You don't need a very large slice of that pie for the slice to be very large indeed.

The same thing happened last year with Duraprim. If you have toxoplasmosis, you absolutely have to have it. But how many people get toxoplasmosis?

Comment Re:Useful for desalination plants? (Score 1) 71

Well, to answer your question, of course if we covered the entire ocean, or significant fractions of it, sure there'd be undesirable ecological effects. Just like anything else that is scaled up endlessly without allowance for what economists call "externalities".

If you could internalize all externalities then the market would provide a perfect solution without any kind of regulation whatsoever. But since nobody knows how to do that, then I imagine that you'll get two regimes: (1) do whatever you want as long as you grease the the correct palms (in authoritarian states like China) or (2) go through the rigmarole of doing environmental impact studies before getting permits to beuild (in democratic societies).

Comment Re:Useful for desalination plants? (Score 4, Insightful) 71

I should think not -- at least not in the way you're probably thinking.

The device consists of a wicking layer topped by a light-absorbing layer. This boils water, which produces more or less pure steam. It also leaves the minerals from the water in the wicking layer. If you take distilled water directly away from the device and replace it with fresh seawater, those minerals will build up until the layer is no longer absorbent. On the other hand if all you want is the heat, you run the steam-distilled water through a heat exchanger and return it to the wicking layer, reconstituting the original water.

So it'd probably wouldn't work to use this directly as a steam distiller. However you could use the heat you collect to run a separate steam distiller. That would be very inefficient, but the thing about "renewables" is that conversion efficiency is less important than low installation and operation cost, because you're not paying for your feedstock of energy; any sunshine you don't use would have been wasted anyway. So while it seems physically possible to use this device to power a desalinization plant, whether it makes economic sense depends on whether this is actually the cheapest way to run a plant.

Comment Re:Who would have guessed? (Score 4, Interesting) 251

Government procurement contracts pretty much preclude the government obtaining goods and services on the open market. Instead it must rely to a large degree on contractors and vendors who have the capability of handling all the special paperwork and requirements.

So if you're on a procurement committee you don't have much choice. Once you discard the vendors who (a) can't absorb the amount of money to be spent on schedule and (b) jump through the statutory federal contractor hoops, what you're left with is a rogues gallery of usual suspects.

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