Assume perfect rationality and costless bargaining. The individuals in bold won the lottery for NYC marathon...
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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 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 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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Analysis of the potential additional surplus from allowing transfer of NYC marathon places The total ... View the full answer
Related Book For
Microeconomics An Intuitive Approach with Calculus
ISBN: 978-0538453257
1st edition
Authors: Thomas Nechyba
Posted Date:
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