economics

It is pretty common that Universities use a system of seniority rather than an auction for getting parking spots at campus. An auction system will give parking spots to those who value them the most; however, this system actually create an inefficient outcome. Can we imagine if our university staffs or the professors do not get the parking spots from the auction? Can they make a good excuse for being late for class because they …showed first 75 words of 576 total…

…showed last 75 words of 576 total…fill out a simply form, and the data will be processed automatically. It is fast, convenient and costless to determine who meets the parking requirements. In conclusion, the auction system seems to bid up the parking price which give an image to the public of making money. Conversely, the seniority system is fair to the seniors and works efficiency. Therefore, we can understand that why CMU will use the system of seniority rather than auction.