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Possible Allocation Systems

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... for shelter beds, choosing Vietnam war draftees, determining Powerball winners. ... By age, weight, height, ancestry, alphabetically by name, by need, etc. ... – PowerPoint PPT presentation

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Title: Possible Allocation Systems


1
Possible Allocation Systems
2
Random Draw
  • By luck, lottery, drawing out of a hat, etc.
  • Examples drawing cards for shelter beds,
    choosing Vietnam war draftees, determining
    Powerball winners.

3
Personal Characteristic
  • By age, weight, height, ancestry, alphabetically
    by name, by need, etc.
  • Examples Social Security benefits, government
    welfare benefits, hearts and kidneys, choosing
    starters for the football team, determining
    eligibility for Indian Health Services

4
Performance Based
  • By test score, athletic performance, by quantity
    of sales, etc.
  • Examples grades, scholarships, promotions, awards

5
Willingness and Ability to Pay
  • By the amount of cash, goods or services one is
    willing to sacrifice.
  • Examples most everything in a market based
    economy like ours cars, pizza, clothes, etc.

6
First Come, First Served
  • By who is first in line, first on a list, first
    to a stop sign
  • Examples goods in the former USSR, lockers at
    the U of M, an intersection with 4 way stop
    signs, immigration into the U.S.

7
Fiat
  • By whim of the allocator teachers pet,
    parents favorite, dictators choice, etc.
  • Examples anything under the allocators control
    parents decide how much candy their kids are
    allowed to eat, a dictator decides if his
    countrys resources are going to be used to
    produce housing or military equipment.

8
Voting
  • By majority rule, by who gets the greatest amount
    of votes
  • Examples Congress and state legislatures
    allocating tax money. What will they spend it
    on? Choosing a prom king and queen.

9
Others
  • Combining two or more of the above
  • Examples a popular concert or parking permits at
    the U of M (must be first in line AND willing and
    able to pay).
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