You have I am sure heard of the eureka moment which was I bet embarassing for our dear old greek scholar. Well during our usual meandering water cooler conversation at office we i guess collectively struck on our own rather more useful eureka moment. Thankfully we were in office attire so even if we did run around it would be mistaken for some stressed out people at work and overlooked as normal behaviour ;). Anyway now back to the eureka topic, or rather the title of this post. The concept is a leave Exchange system sort of like your Sensex. You always find there are always these two categories of people the haves and the have nots. I am talking about Office Leaves not money, in which case I am yet to find the contented haves :). While some people seem to have spare leaves, or in our office terminology earned leaves which they can take, in abundance while others always suffer due to shortage. The system of Leavex is an exchange wherein both these sects gather and decide to trade on leaves. In offices like mine wherein they have policies that dictate that if u have more than a limit of accumulated leaves they just expire :(. Given such an apparent loss in value we decided that its quite a pity to let such a precious commodity go to waste. Rather what we could do is to let people who have excess of such leaves to sell it in an open exchange so that they can actually encash the same and provide it as a valuable resource to those who have leaves in shortfall. I am not sure if a lot of you guys out there had a similar idea but the concept seemed quite useful to proclaim to the world. What started out as a water cooler conversation turned out to be quite a discussion on further extending this concept. We wanted to see how to value this commodity called Leaves. Should we term one day's leave as the potential salary loss if we did not have the leave and had to take a loss of pay. Sounded like the ideal value for a leave. However the whole idea of a free market was to value a leave in terms of what the buyer would be willing to pay in which case we should value the leave that we have based on the potential loss it could cause to the buyer if he did not have the leave in his hand. So If say a peon were to sell his leave on the exchange and the Ceo of the company were to buy it then probably the leave would have to be evaluated on the basis of potential loss of salary for CEO for one day rather than the potential gain of the peon in having this extra leave with him. Interesting concept huh? Would definitely like to here more comments on t his concep and see if we can develop it further.