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Microeconomics: Miscellaneous
Luck of the Draw (9/7/2005)
Luck may be just as important as fitness in determining who survives the market test.
The Tyranny of Small Decisions (8/13/1999)
Decisions that are small in size, time perspective, and in relation to their cumulative effect may lead to suboptimal resource allocation.
The Waiting Game (7/27/2000)
Waiting line management employs allocational mechanisms much like those for different economic systems. All these mechanisms seek to combine equity with efficiency in allocating scarce resources.
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