Microeconomics prelim question on the Dalai Lama

The Dalai Lama is coming to UO and will give a talk at the Matt Court basketball arena. Diane Dietz of the Register Guard reports that the tickets, which UO sold for $20 on a first-come first-served basis, with all proceeds to go to charity, are worth considerably more:

But a ticket broker, Ticket Liquidator, is proffering tickets online for the Dalai Lama’s Eugene appearance at more than ten times the UO’s original $20 price, ranging from $225 to $282 a seat.

Design a mechanism for ticket allocation that is

  1. Pareto efficient 
  2. consistent with Buddhist beliefs about economics.

Note that Al Roth, winner of the 2012 Nobel Prize in Economics for his work on mechanism design, punted on this one. 4/1/2013.

Tagged . Bookmark the permalink.

Leave a Reply

Your email address will not be published.