(L55) High Bid Wins or First Come, First Served?

In what area of your life would you prefer ‘first come, first served’ to ‘high bid wins’? Why?

Well, in my current situation first come first served is more convenient for me than high bid wins because, quite honestly, I am nearly broke and I have more time than money. Convenience however does not always equate to morality, and so I would have to say that I would always prefer high bid wins. My reason for this is that by deciding first come first serve should be the standard of the market, I am penalizing people who’s time is more valuable than their money.

A high bid wins standard throughout the market would be comparable to (something along the lines of) a six-flags line for a ride. There would be two lines alongside one another; one where time is less valuable so the wait is longer and the price is cheaper, and one line in which you can pay more for a shorter wait. This is a more fair, and  free market based system of serving customers because it favors both people who have more money, and people who have more time. Nobody is penalized or excluded.

Another example of this would be online shopping. Nobody waits in line to shop on the internet, they just pay and wait for their product to be shipped. At checkout however, there is an option to pay more in order to have the product shipped faster. The idea of high bid wins, otherwise known as priority shipping, is not condemned in society because it is private. However should this system be applied in public, people who have been trained their whole lives to wait in line become outraged, as they feel their have been cheated or treated unfairly by this high bid wins system of market freedom.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s