Heavy Lifting - thoughts and web finds by an economist
     I also contribute to Division of Labour Load HL's Front Page
Friday, March 16, 2007

Anecdotal evidence I am right

A recent paper of mine appeared in Public Choice investigating anti-scalping laws and their impact on ticket prices at the window. In the discussion of scalping, I pointed out something I think is obvious but had not been addressed in the literature on ticket scalping: namely ticket scalping entails some risk. Specifically, there is a probability that a scalper won't be able to sell their tickets and, for the most part, scalpers don't want to go to the event.

Every year ticket scalping to the Super Bowl or the World Series is bemoaned by politicians, team owners, and frustrated fans (at least those on the demand side), but we rarely see any mention of the failure to sell tickets for a Tuesday afternoon Royals-Rangers game. Perhaps such events are too mundane for the media?

Today's NYT has the following short story (reg req'd):
Desperate fans held fistfuls of tickets to the sub-region here in Columbus. Face value: $61. Asking price? Whatever.

There was a familiar and glum refrain on the streets outside Nationwide Arena. "Bad draw," said one fan, then another.

There are no marquee names here; the highest seed is Virginia (No. 4) and the Cavaliers did not seem to have a large contingent in the arena five minutes before tip-off.

Illinois of the Big Ten is here, but the ticket sellers said the Illini fans were not picking up the slack. The other team in orange, Tennessee, is here and the Vols routinely get 20,000 to home games in Knoxville, which is down I-75 from here.

Long Beach State? Never mind.

Comments: Post a Comment



Purchase




Le Chai - galerie du vin



Support



Popularity

Posts that contain Craig Depken per day for the last 90 days.



Contacts

Heavy Lifting's Main Page
Email Me
Atom Feed

WWW
Heavy Lifting




Great Links

Money I Found Today

Heavy Lifting - Firehose style (56k warning)



Recent Posts

- Anecdotal evidence I am right




Archives


home


Visitors
Site Meter Blogroll Me!



Credits

Modified maystar design
powered by blogger