Keyword: northwest
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
The Waiting Game (7/27/2000)
Waiting line management employs allocational mechanisms much like those for different economic systems. All these mechanisms seek to combine equity with efficiency in allocating scarce resources.
Keywords: auto title, command economy, invisible hand, line, Memphis, modified command, Northwest, queue, waiting