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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (321679)	1/18/2007 8:14:58 PM
From: combjelly	Read Replies (1) \| Respond to of 1574876

"There may not be more supply of some of what is needed soon, or "soon" may not be soon enough." We aren't talking about Antarctica you know. It doesn't take that much time, usually, to clear roads. The case in Katrina was really odd. But FEMA had been reduced to the point of uselessness. In the past, things happened a lot faster. "Also I'm not talking about the store selling out at some point, but it selling out with many would be customers left. " If they have X amount of stock and X+Y number of customers, they are going to sell out unless it is priced so high that only X have enough cash. Period. You are talking about maximizing the merchant's profit. Which shouldn't really be a goal. "Suppose the hungry orange lover gets in line first?" And what if the hungry orange lover has a $1000 in his pocket and the other guy has a buck? A bidding war won't get him the orange. And that is what it boils down to. At least with first come, first serve, everyone has an equal chance. With the highest bidder scenario, it only means that those with enough ready cash gets the goods. And everyone else just don't have a chance. Highest bidder is no fairer, and almost certain is unfair. And it doesn't allocate resources better than other methods.