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EXERCISE 11.9 IOC POLICY Do you think the IOC policy of using a lottery is fair? Is it Pareto efficient? Explain why or why not.

EXERCISE 11.9 IOC POLICY

  1. Do you think the IOC policy of using a lottery is fair?
  2. Is it Pareto efficient? Explain why or why not.
  3. Using the criteria of fairness and Pareto efficiency, how would you
  4. judge the widely criticized practice of 'scalping' tickets.
  5. Can you think of any other arguments for or against scalping?

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