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    Scarcity & Queues Entry #0467

    Why a raffle allocates differently than a price

    A lottery gives everyone the same chance and no way to express how much they need the thing. A price does the reverse, and each ignores what the other records.

    Adept
    The hidden part #0467

    Every allocation rule declares which claims count. A lottery says all equally; a price says according to capacity to pay.

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    Scarcity & Queues Entry #0466

    The reason first come first served changes who arrives

    A queue does not distribute a good neutrally. It charges in time, so it selects the people for whom time is the cheapest thing to spend.

    Adept
    The hidden part #0466

    A queue charges in time. It allocates to those with the least valuable hours, not to those with the greatest need.

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    Incentive Design Entry #0390

    Why free options are consumed wastefully

    A price does two jobs: it raises revenue and it sorts users by how much they need the thing. Remove the price and the second job stops being done.

    Master
    The hidden part #0390

    A price is not only a charge. It is a filter that sorts demand by need, and free resources have no filter.

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