The Economics of Scarcity and the UNC-Duke Basketball Game (with Michael Munger) (opens in new tab)

Duke University leaves millions of dollars on the table every year by giving away free tickets to the most sought-after game in college basketball. The bizarre ticket allocation system includes weeks of camping in tents, a 58-question trivia exam, border guards with air horns at 3 AM, and a 50-page student-written constitution with its own […]