Why not use price?
17:03–18:24 · 80s
Munger lays out four rationing mechanisms and argues a lottery would minimize deadweight loss—before revealing Duke’s arms-race solution: six weeks of waiting.
17:03–18:24 · 80s
Munger lays out four rationing mechanisms and argues a lottery would minimize deadweight loss—before revealing Duke’s arms-race solution: six weeks of waiting.
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