The resulting mis-allocation creates artificialscarcity and limits the ability of wireless providers and entrepreneurs to devise creative solutions to spectrum shortages.
The artificialscarcity cap-and-trade creates will increase the cost of energy and electricity, making U.S. companies less competitive at a time of intensifying global competition.
The idea of economists to use artificialscarcity pricing to do this is aggressively marketed in blogs, magazines and TV shows, but is extremely unlikely to work, because the current price elasticity of oil is so low.
Creating further barriers to enter teaching might make sense in order to make teaching a more desirable career in the long-term, but it could easily create even more artificialscarcity in the near term, risking an even wider teacher shortage.
The scarcity of housing options for Jews is what has caused an artificial increase in housing prices that has compelled young families to migrate out of the city.