This article illustrates how supply and demand determines the price of scarce goods. The questions are good.
Tickets for Pope's Visit Are Hot Commodity
by: Lisa Beilfuss
Sep 16, 2015
Click here to view the full article on WSJ.com
Click here to view the video on WSJ.com
by: Lisa Beilfuss
Sep 16, 2015
Click here to view the full article on WSJ.com
Click here to view the video on WSJ.com
TOPICS: Supply and Demand
SUMMARY: Some people are trying to resell free tickets to the papal visit for up to $5,000. It's "against everything that Pope Francis stands for," said a spokesman for the Archdiocese of New York.
CLASSROOM APPLICATION: Students can discuss the ethical issues of ticket-lottery winners selling their tickets to see the Pope. Their discussion could include the determination of an ethical criterion to evaluate the issue.
QUESTIONS:
1. (Introductory) The tickets were free for a reason, said Joseph Zwilling, communications director at the Archdiocese of New York: "We want as many people as possible to be able to see the Holy Father, including people of modest means. Trying to sell the tickets is against everything that Pope Francis stands for." Is it in a poor person's best interest to prevent him or her from selling a ticket to see Pope Francis?
2. (Advanced) Is it ethical for a person to scalp a ticket to an athletic event but unethical to scalp a ticket issued by a Catholic Church lottery to see the pope? Does the ethical criterion to evaluate this question involve the preferences of the institution (in this case the Catholic Church) issuing the tickets?
3. (Advanced) Does preventing the resale of tickets to see Pope Francis reduce the allocative efficiency of the tickets?
1. (Introductory) The tickets were free for a reason, said Joseph Zwilling, communications director at the Archdiocese of New York: "We want as many people as possible to be able to see the Holy Father, including people of modest means. Trying to sell the tickets is against everything that Pope Francis stands for." Is it in a poor person's best interest to prevent him or her from selling a ticket to see Pope Francis?
2. (Advanced) Is it ethical for a person to scalp a ticket to an athletic event but unethical to scalp a ticket issued by a Catholic Church lottery to see the pope? Does the ethical criterion to evaluate this question involve the preferences of the institution (in this case the Catholic Church) issuing the tickets?
3. (Advanced) Does preventing the resale of tickets to see Pope Francis reduce the allocative efficiency of the tickets?
Reviewed By: James Dearden, Lehigh University
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