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I have been thinking a bit about lines.

Far as I can see lines are a sign of:
1) limitation in access (you don't line for something everyone has in abundance)
and 2) power allocated at the point people are lining to (in the reverse, you have people going door-to-door)
and 3) distribution by stubbornness

Distribution by market forces just changes the last point to distribution by market power. When it comes to capital and resources, distribution by market power can be argued on basis of efficiency. When it comes to consumer goods, unless you assume homo economicus, I see no reason that it is more efficient to distribute from market power then from stubbornness.

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by A swedish kind of death on Wed Dec 14th, 2011 at 03:57:47 PM EST
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