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The NFL's championship game, called the Super Bowl, is played at a neutral site

Economics

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The NFL's championship game, called the Super Bowl, is played at a neutral site. Home-team fans must put their names into a lottery for a chance to buy tickets to the game. Winners then purchase tickets at the stated price.

Explain why this allocation mechanism does not maximize total fan welfare.

If lottery winners are allowed to sell their tickets in a secondary market, will total welfare be maximized?