Well, under perfect competition, the price *does* equal the marginal cost in equilibrium. The complaint that SMS prices are too high is legitimate in a situation where there is a high cost to entry preventing competition from driving the price down, as in the telecommunications industry. In these situations governments have a potentially important role to play (think about how other major utilities, like power companies, are run). So, yes, many folks may be willing to pay $X for SMS messages, but this may not be the socially efficient price due to the uncompetitiveness of the industry.
win/loss record is a terrible way to judge a pitcher's performance. W's and L's are more a function of the quality of the team behind the pitcher (and the bullpen, etc.), than the pitcher himself. if you look at jason jennings' other, more informative stats (K's/9, WHIP, ERA, etc.), improvement is apparent. whether this was due to the ipod, i agree, is highly dubious.
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Well, under perfect competition, the price *does* equal the marginal cost in equilibrium. The complaint that SMS prices are too high is legitimate in a situation where there is a high cost to entry preventing competition from driving the price down, as in the telecommunications industry. In these situations governments have a potentially important role to play (think about how other major utilities, like power companies, are run). So, yes, many folks may be willing to pay $X for SMS messages, but this may not be the socially efficient price due to the uncompetitiveness of the industry.
What we need is a counterpart to the GAO.
The GAO should be able to exact fines from any agency for waste, insecurity etc etc.
All of this fine money should be funneled into a Government Solutions Office whose task is to spend that money back into the program to fix it.
GAO finds improper encryptions. Fines IRS. GSO hires a security expert to create new policies and purchase needed training.
Just a thought.
There is. It's called Congress.
it has to cater to the 50% of us who are under average.
technically 50% are below the median. if the distribution is skewed, then it is not clear what fraction would be below average.
win/loss record is a terrible way to judge a pitcher's performance. W's and L's are more a function of the quality of the team behind the pitcher (and the bullpen, etc.), than the pitcher himself. if you look at jason jennings' other, more informative stats (K's/9, WHIP, ERA, etc.), improvement is apparent. whether this was due to the ipod, i agree, is highly dubious.