How Many Does It Take to Screw in a Light Bulb?
Organized markets will ensure the optimal number of bulbs are screwed in, at the marginal cost of bulb screwing.
How many utility commissioners does it take to screw in a light bulb?
Five. A problem for three-person commissions. Three commissioners to hear testimony on whether changing the bulb is in the public interest. One more commissioner to direct staff to write the decision and order, to screw it in. And a fifth commissioner to hear appeals, as to whether screwing it in is actually least cost.
How many utility rate managers does it take to screw in a light bulb?
