I can only really think about how this might work in relation to event tickets. Perhaps "Illinibucks" could be used to allow access to event ticket pre-sale. These events might include the many events at assembly hall (or whatever sellout name it has now) such as music, theater, and comedy. If the University set the price too low, perhaps there could be an issue with some people's "Illinibucks" not working for events that are extremely popular. Like bread in the USSR - think shortages. Frankly, I fail to see why this system would be helpful in any vane. I can't seem to think of one good example of where these "Illinibucks" might be used.
In terms of administered prices, if it were too low, there would be some kind of shortage, and if it were too high, there would be some sort of surplus, presumably.
The subject matter of the question is certainly more accessible, but its relationship to transfer pricing eludes me.
Do you think this could work in terms of class registration?
ReplyDeleteI think if there was an allotment of Illinibucks for each student, it could be possible to have a fair way for people to jump ahead of their set time in order to register for certain classes that are more difficult to get into.
I wonder if the relation to transfer pricing could be that this is another method of obtaining goods from within the university? My understanding of transfer pricing is that it refers to any costs that sectors inside of an organization or company are charged by other sectors. I wonder if in this case, the students could be part of the university 'company,' and so having to pay via Illinibucks to get goods from the 'company' that we are a part of could be considered transfer pricing? Just a guess haha!
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