Rock Concert Pricing and Anti-scalping Laws: Selling to an Input
نویسنده
چکیده
This paper develops a model that jointly explains the frequent excess demand for performance events and the presence of anti-scalping laws. The explanation is based on the fact that the buyers of tickets are also an important input into the performance experience. If buyer wealth is negatively correlated with that particular buyer’s suitability as an input, the use of lineups as a screening mechanism (leading to apparent underpricing) may be profit maximizing. Such a mechanism is not possible, however, if the resale of tickets above the posted price is permitted.
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تاریخ انتشار 2004