Keyword: waiting

Efficient but not Fair? (1/16/2006)

Efficiency may conflict with fairness because it is often difficult to re-distribute the gain from greater efficiency.

Keywords: checkout lanes, checkout stations, comparative advantage, efficiency, fairness, free trade, waiting

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