To get a ticket to Wimbledon you must be rich, patient or lucky
Organisers allocate seats in a variety of ways
ECONOMICS IS ALL about allocating scarce resources. Usually that is done by pricing. If demand for strawberries exceeds supply, prices will rise. Customers may switch to raspberries, or farmers may plant more strawberries. But some markets are more complex.
This article appeared in the Finance & economics section of the print edition under the headline “Ball-game theory”
Finance & economics July 13th 2019
- The choice of the IMF’s next boss could be a coronation
- Why everybody is concerned about corporate-bond liquidity
- Recep Tayyip Erdogan sacks the head of Turkey’s central bank
- A new study tracks the surge in Chinese loans to poor countries
- Recognising reality at Deutsche Bank
- To get a ticket to Wimbledon you must be rich, patient or lucky
- Should egalitarians fear low interest rates?
From the July 13th 2019 edition
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Why Oasis fans should welcome price-gouging
There are worse things in life than paying a fair price