Sunday, 4 December 2011

EWOT Goggles #13 "Final Exams" (12/04/11)

Finals are here!
       With finals bearing down on us, I just want to take a minute to discuss the rationing of study space. Since Gleason is open 24/7, students are able to take over a booth and literally "hold" it throughout finals. Usually, they leave their belongings to indicate the space is reserved - some even sleep there. Because there are now less spots to study, they raise the marginal cost of a study spot in Gleason. Students who leave belongings to reserve a spot also pose as a negative externality to students who would otherwise use that space to study. One way to deal with the high demand of study space is to increase the cost. But what's the best way to raise the cost? You could forbid people from sleeping in Gleason. But then you have to find people who will enforce the new law - which is a waste of resources because they are not producing anything of value.

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