The International Olympic Committee (IOC) rationed tickets to the London Olympics through a lottery Do you think the IOC 's policy of using a lottery is fair Is it Pareto efficient Explain why or why not Using the criteria of fairness and Pareto efficiency, how would you judge the widely criticized...

The use of a lottery system by the International Olympic Committee IOC to ration tickets to the London Olympics raises questions regarding fairness an ...

The International Olympic Committee (IOC) rationed tickets to the London Olympics through a lottery. Do you think

Fantastic news! We've Found the answer you've been seeking!

Question:

The International Olympic Committee (IOC) rationed tickets to the London Olympics through a lottery.

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