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"It has elements of a scarce commodity," he said.
"But they're a very inefficient use of a scarce resource.
Variable pricing, he said, would encourage airlines to make "rational use" of a scarce resource.
Families would benefit by having greater control of a scarce resource: their privacy.
In theory, the global free market should dictate supply and demand of a scarce commodity.
There it was, all in one place: outrageous prices for a tiny slice of a scarce commodity.
Similar(13)
So AJAM is fighting for a scarce number of eyeballs.
Both types of production involve intensive use of water, a scarce resource in the region.
And then there is the issue of land, a scarce resource in a nation of nearly 1.2 billion people.
Despite the disadvantages, some people take a postdoc in hopes of landing a scarce faculty post.
Then a real surprise: a flock of five goosanders, a scarce winter visitor, flying low overhead.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com