Markets in everything

University of Toronto students desperate for scarce seats in fully booked classrooms are offering cash to classmates willing to give up a spot, turning registration into a bidding war.

“$100 to whomever drops (History of Modern Espionage),” posted Christopher Grossi on Facebook Tuesday. “I really need this course.”

The third-year history student said the 180-person course filled up before his designated registration time. After talking to the professor without success, he said offering money was his last chance to coax someone to trade with him.

Here is more information, and supposedly, after some point in the process, a near-simultaneous drop and add will in fact allow the trade to take place.

For the pointer I thank Larry Deck.


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