5 ms·
Serious question -- there appear to be common two ways of allocating scarce resources in situations like this: either through price, or through semi-random who-
by toby 12y ago
Serious question -- there appear to be common two ways of allocating scarce resources in situations like this: either through price, or through semi-random who-gets-through first (see also online ticket sales).
Why do people think the latter is "more fair"? Are there any interesting alternative methods of allocation that are equally lightweight?
- alexeisadeski3 12y ago>Why do people think the latter is "more fair"? I have no idea what unfortunate psychological characteristic of the human brain leads so many to oppose price gouging and markets, but here is some tangential discussion: http://bleedingheartlibertarians.com/2013/10/price-gouging-and-the-poor/ http://bleedingheartlibertarians.com/2013/10/price-gouging-a...
- austinhutch 12y agoMore people have access to the second method. Many people would rather have a 25% chance of getting through and paying the lower price than not being able to afford a ticket at all.
- declan 12y ago> there appear to be common two ways of allocating scarce resources in situations like this: either through price, or... But the quantity of the resource (Uber drivers) is not fixed. If you allow a higher surge price, you get more drivers.