What an Economist Brings to a Business Strategy
Harvard Business Review
SEPTEMBER 29, 2014
The late Julian Simon (better known, perhaps, for his optimistic views about population growth and resource abundance) thought up the idea for having airlines auction off overbooked seats and persuaded the Civil Aeronautics Board, which used to regulate airlines fares and entry, to permit the idea in the 1970s. But that would be a mistake.
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