tag:blogger.com,1999:blog-1141932539860553199.post1862870553571097979..comments2024-03-05T10:52:24.691+00:00Comments on Mark Wadsworth: Waiting in line and location values.Mark Wadsworthhttp://www.blogger.com/profile/07733511175178098449noreply@blogger.comBlogger11125tag:blogger.com,1999:blog-1141932539860553199.post-41911022964929493172013-12-26T22:56:08.411+00:002013-12-26T22:56:08.411+00:00"So your place in the queue clearly has value..."So your place in the queue clearly has value - that value is a function of various things:"<br /><br />No,no,no! That's a "regulation tax".<br /><br />Queues are a form of regulation. <br /><br />We'd all be better off if it was a free for all ;)<br /><br /><br />benjhttps://www.blogger.com/profile/11544297406005346095noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-19945749324901519572013-12-24T14:45:14.384+00:002013-12-24T14:45:14.384+00:00NC, a melee is just a very disorganised queue. The...NC, a melee is just a very disorganised queue. The spaces nearest where the bus will stop are still worth more.<br /><br />I'd assume that the total value of the places in the melee are worth less than in an orderly queue, which illustrates once again that location values can only exist in an organised society, i.e. location values are created by everybody in the queue.Mark Wadsworthhttps://www.blogger.com/profile/07733511175178098449noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-66098794326515657272013-12-24T13:01:04.410+00:002013-12-24T13:01:04.410+00:00Singapore's Lee Kuan Yew, whose approval of th...Singapore's Lee Kuan Yew, whose approval of the British Empire makes him ineligible for any approval by "leftists" once pointed out that in Malaya & Borneo, formerly British Empire, people queue for buses. In Indonesia, ethnically the same but formerly Dutch, they just push. neil craighttps://www.blogger.com/profile/09157898238945726349noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-62366519834836776572013-12-23T20:49:13.016+00:002013-12-23T20:49:13.016+00:00Kj, yes, that sort of thing is incredibly annoying...Kj, yes, that sort of thing is incredibly annoying, and you realise you are being ripped off, but the company does not care - if more people pay the extra rather than buying something else in future, then the company is happy. That's capitalism!Mark Wadsworthhttps://www.blogger.com/profile/07733511175178098449noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-78342548010468399492013-12-23T20:08:46.087+00:002013-12-23T20:08:46.087+00:00MW: Yes. I don´t mind price discrimination at the ...MW: Yes. I don´t mind price discrimination at the level of purchase. But at the level of calling up the operator to make sure what you bought is working, not so keen. Fair enough, there is a presedence for these things, you can buy more expensive software or internet-packages for example, with priority support and problem-solving. And the market has shown that it´s not to keen on "pay for not having to wait in line" at the consumer level, being that I´ve never come across such a solution again. You get free callback at most of these things AFAIK.Kjhttps://www.blogger.com/profile/13530243002915410700noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-11505669249611871952013-12-23T07:14:36.673+00:002013-12-23T07:14:36.673+00:00Kj, that's called "price discrimination&q...Kj, that's called "price discrimination" and is like the difference between a first and second class railway ticket.Mark Wadsworthhttps://www.blogger.com/profile/07733511175178098449noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-12319854622364394662013-12-22T22:51:32.052+00:002013-12-22T22:51:32.052+00:00I had an experience a while ago with a customer se...I had an experience a while ago with a customer service line trying to monetize the whole queue thing. I don´t remember how much the price per minute for calling in the first place was (but I know it was not free or standard charges), but they had a option that allowed for holding your place in the queue, and calling you back when it was your turn. Now that´s not unusual these days. But the caveat was that they charged something around a quid for doing it. The balls!Kjhttps://www.blogger.com/profile/13530243002915410700noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-18899462002370596532013-12-22T10:14:00.113+00:002013-12-22T10:14:00.113+00:00G, B, the ticket = your place in the queue. If the...G, B, the ticket = your place in the queue. If they are currently serving #37, then ticket #38 is the most valuable etc, the same rules apply as to a place in a physical queue.<br /><br />B, Morgan cars are status symbols, like having a new iPhone on the day it is released, the same rules apply. There is a grey market in a lot of things, including places in queues, but it's difficult tracking down examples.Mark Wadsworthhttps://www.blogger.com/profile/07733511175178098449noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-24851463054431077582013-12-22T08:32:10.681+00:002013-12-22T08:32:10.681+00:00"Of course you cannot monetise your place dir..."Of course you cannot monetise your place directly by selling it, it's take it or leave it, but you could be sneaky and when you finally get your social housing allocated, simply sub-let it for a market rent and collect the £100,000 over your lifetime."<br /><br />Or, simply sell the option to rent the council flat at the council's rent to someone else who would pretend to be you. No different to selling a lease, really.<br />ISTR that places near the top of the waiting list for Morgan cars were saleable for quite large sums, when it was a lot longer than the year it is now.Bayardhttps://www.blogger.com/profile/15211150959757982948noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-14715344075542384052013-12-22T08:28:06.935+00:002013-12-22T08:28:06.935+00:00ISTR, there used to be a system operated at deli c...ISTR, there used to be a system operated at deli counters and other places in large shops where one might queue, where you took a ticket and then came back when your number was displayed above the counter. Obviously, you couldn't wander off too far if the number displayed was close to the one on your ticket. always seemed like a good system to me.Bayardhttps://www.blogger.com/profile/15211150959757982948noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-38178379293062242112013-12-21T22:43:47.278+00:002013-12-21T22:43:47.278+00:00in enlightened systems you pull a ticket that tell...in enlightened systems you pull a ticket that tells you your rank in the queue(s). So, at a Dutch train station and wanting to buy a ticket to Germany on a train leaving in 20 minutes (these situations happen), I pulled a ticket that ranked me over the folks who just wanted to renew a season ticket.<br /><br />But that depends on defining the queues.<br /><br />The rules for your scenarios are a lotm more difficult to work out.Graemehttps://www.blogger.com/profile/11007306140530173428noreply@blogger.com