HW# 13 Eco 108

A.
It was very cool to see the price system working to allocate goods to those that are the most willing to pay in the golf article. By scalping the tickets off, only those willing to pay the $850 fee will be able to tee off at this special course. I was shocked that what this company was doing wasn't illegal since they were using false names and identities to book the tee times. I also wonder why the course is aloud to suspend people that they catch booking through Phil for a year. It is a very complicated process to get tickets which is why the prices might be so high. They did say one thing bad in terms of economics when they said, ays Catalano, "It's not the greatest system in the world, but it's an equilibrium. If you really want to play that badly, you can sleep out." This is bad because while you are sleeping out, you are not producing anything. You could be making money to buy an expensive ticket rather than wasting your time a line. It was also interesting to see the sketchiness of the company that was running the operation. I wonder if they were so secretive to avoid being interviewed by papers or magazines interested in their business. I think it is good that this company realized the success that could come with their business and capitalized

B. 

1. If another company opened up doing the exact same thing that NY Golf Shuttle did, would it help get more people into the golf course?

2. How would the price of NY Golf Shuttle be affected if the price to tee off at the course increased?

C. 

In this article, there is a company that helps ensure that you get a tee time at one of the most prestigious golf courses in the country. They also take you to the course that day in a limo. The price of this is very expensive but is highly demanded because of the difficulty to get a reservation at the course. Spots are sold out within 3 minutes of opening everyday. Many people including the gold course look down on this business, but their actions are completely legal so nothing can be done about it. 

The golf course has changed several policies in an attempt to lessen the influence that NY Golf Shuttles has on people getting tee times. These have not worked. This is a great example of the price system and how it works. There are limited of tee spots available, so the company allocates them by offering ridiculous prices, and only those that really want to golf at the course get the chance too. people do not  buy the tee time if they do not find it worth the money. Less buyers will enter this market the higher the prices are. Those that do not want to pay the steep price wait a long time to get on the list. 

There are simply too many people in the market for this golf course. They have twice as many members as golf spots open a year. The price system is the best way to distribute the goods of playing on the course because those that really want to golf can now jump the line and do it by paying more.