The lens of contract focuses predominantly on gains from trade whereas orthodoxy is focused on resource allocation.

The remediableness criterion is an effort to deal symmetrically with real world institutions, both public and private, warts and all. The criterion is this: an extant mode of organization for which no superior feasible form of organization can be described and implemented with expected net gains is presumed to be efficient.

We do give preference to the lower volume renter. It's simply a resource allocation. We don't have to do it too often. We prefer not to have to do it at all. The realities are of business that sometimes we have to make tough decisions.

Until we get into the reporting season next month we're probably likely to see more of this thin trade.

The trade in the gold market is very, very thin, with gold off the lows and the highs of the day at $502/oz and $508/oz.

On an annual basis, during our cycle of budget and resource allocation, we review all expenditures. The Imperial County is part of that.