Gas rationing with odd-even license plate numbers is not really rationing.
I think it is labeled rationing but is really an interesting form of externally imposed impulse control. Normally, with a ration, there is a prescribed amount available per person per period. Here, none of those constraints actually imply.
Instead, by imposing "rationing" what we are really doing is limiting impulse and fear. Impulse (at least half of consumers will now need to defer purchases by a day and all will need to plan somewhat) and fear (because there is now a plan, the desire to "get gas before they run out" eases as there is less concern about "running out"). I wonder who thought of it.
Monday, November 12, 2012
How much of the claimed declines in US academic performance/quality of education is a result of MORE opportunity for women and meritocracy? When there were more and higher (not that there are none today) barriers to women entering the workforce, how many women became teachers who, today, would be high-powered lawyers, doctors, etc. And thus were able to provide exceptional educations because they were actually over-qualified (or, given that teaching standards are usually quite low, more qualified than demanded by schools but actually the "right" level of qualification). Of course, this doesn't explain all the gaps in education (some Scandinavian countries have very high quality of education but a very egalitarian society) - but it also seems to play a role.