Keyword: aluminum
Right Makes Might (2/27/2001)
The right to transfer private property has led to windfall gain to right owners and better allocation of scarce resources, such as water and power.
Keywords: aluminum, Aurora, cheap electricity, northwest, power shortage, private property, property rights, resale, right to transfer, Rocky Ford Ditch, water rights, windfall gain
Windfall Profit (9/7/2005)
Unexpected market gain resulting from uncontrolled circumstances might serve as incentives to correctly allocate scarce resources.
Keywords: aluminum, California, contract, electricity, Kaiser Aluminum, opportunity cost, property rights, water, windfall profit