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Assume perfect rationality and costless bargaining. The individuals in bold won the lottery for NYC marathon places. The other individuals did not win and
Assume perfect rationality and costless bargaining. The individuals in bold won the lottery for NYC marathon places. The other individuals did not win and currently do not have a place. How much additional surplus would (could?) be created if organizers allowed those with places to transfer their place to those without, perhaps in exchange for money. Jerry. WTP-$500 Elaine. WTP=$400 George. WTP-$300 Kramer. WTP-$200 Newman. WTP $100
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Microeconomics An Intuitive Approach with Calculus
Authors: Thomas Nechyba
1st edition
538453257, 978-0538453257
