INTRODUCTORY MICROECONOMICS (2011/2012) Coursework Title:
This piece of work contributes 30% to the total module mark (6 credits).
Essay 1 – Title
Assess the relative costs and benefits of using each of the following as a means of allocating tickets for the 2012 Olympics:
(a) a lottery, (b) first-come, first-served, (c) an administrative process (d) the price mechanism Your answer should focus on the impact of each of these different schemes on economic efficiency.
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