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by PeterisP
4713 days ago
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In order to determine who wants X the most, you have to ask credible commitments. Getting up at 4AM to make a booking when it becomes available; or waiting in a three-hour queue; or spending time writing a bot is just as significant commitment as paying some extra dollars, so all of those will work to allocate the scarce thing. But there is a major difference - if you spend three hours in a queue, you lost those hours and noone gained from that. If you spend three hours writing a sniping bot, noone really needs it. But instead if you spend those extra three hours even sweeping streets at minimum wage, and pay that extra money for more expensive tickets - then the seller has gained extra money, which (on scale) increases supply and the world has gained some useful work. |
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