tag:blogger.com,1999:blog-102137358026615005.post6134609829889569928..comments2014-10-05T12:56:29.146-07:00Comments on Vilfredo Pareto Econ 490 Fall 2014: Illinibucks Vilfredo Paretohttp://www.blogger.com/profile/17627191661337939399noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-102137358026615005.post-76653085033268856182014-10-05T12:56:29.146-07:002014-10-05T12:56:29.146-07:00I didn't understand how you came up with Illin...I didn't understand how you came up with Illinibucks for meals. The food you eat presumably has a cost to prepare. That cost has to be covered. How would Illinibucks address that issue. <br /><br />It is different for prioritizing use of a scarce resource, like seats in an oversubscribed class. There the resource has presumably been paid for already. The issue is which students get to use it. As you suggested, one of those scarce resources is the checkout counter at the bookstore during the beginning of the semester, when the entire student body is buying books. The lines are quite long and the checkout capacity will be fully utilized. But that, in itself, doesn't say which student gets through the line first. Professor Arvanhttps://www.blogger.com/profile/15256000730474030475noreply@blogger.com