Flying Blind

Flying Blind.  “Overhead-bin space is scarce and, hence, valuable.  So some airlines sensibly experimented with charging for its use.  Government intervention, though, stopped this scarce commodity from being allocated by prices.  As any Econ 101 student will tell you, the result is a costly free-for-all in which bin space is allocated far more arbitrary – on a first-come, first-served basis – than would be the case if allocation were guided instead by prices.”

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