Involuntary Bumping

[hank1920]

8. Let the market decide the price...

The CAP is the problem. Airlines use marginal pricing to maximize the revenue for every last seat. They strive to get the maximum the market will bear. They should have to live with discipline of the market when they are on the bid as opposed to the offer.

The market, ie. an auction process with no cap, should be how they have to price their ineptitude or the failures of their load balancing models.

The cap mis-prices the situation by definition.

Auction is the best mechanism to gauge the right price given the circumstances...

wed aft price of missing the DC N YC shuttle, $100. Thursday night, last flight from NYC to LA the day before thanksgiving? $5000? Who knows... but it should be the p[passengers that decide the value of their inconvenience, not the government acting as corporate bitch.

My opinion of the Police action in this situation isn't relevant to the basic economic argument. Nut I do resent the use of Police to enforce a civil action that should have been dealt with with cash as opposed to violence.