Sunday, December 10, 2006

If Prices Are Not Used, Other Allocation Methods Emerge: Police Officers Get PS3's First

An entry from a couple of weeks ago showed how we could end the violence and chaos surrounding the Play Station 3. There didn't seem to be enough to go around at the price the stores had set. I suggested raising the price to end the problems. Now we find out that cops have been getting preferential treatment in buying this rare commodity. This is further proof that if market prices are not allowed to determine allocation, some other way will be found, one which we may not like. Here is the opening of the AP story.

"PROVIDENCE, R.I. --Two police officers are under investigation for allegedly using their influence to skip a long line of shoppers waiting to buy the PlayStation 3 video game system the day it went on sale, authorities said."

You can read more here or here.

1 comment:

champ said...

now this is quite interesting, but I don't think this is the first time this has ever happened. They just happened to get caught by someone that felt what they were doing was unfair.