eBay auctions for Third Eye Blind concert tickets
AbstractThe band Third Eye Blind recently completed a tour, selling tickets exclusively on eBay. Many tickets were bundled with either VIP passes or autographed posters. These data are used to measure variations in price across different markets, as well as the premiums paid for different ticket types. Auctioning the tickets allows the seller to practice Third Degree Price Discrimination and bundling, without having to determine prices in each market and for each different bundle. We find: tickets bundled with VIP passes command a substantial positive premium; tickets bundled with autographed posters command a small negative premium; different prices emerge in different geographic markets; and auction prices are positively related to the fixed price at which tickets could be purchased by way of Buy-it-Now. Copyright Springer Science+Business Media, LLC 2007
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Bibliographic InfoArticle provided by Springer in its journal Journal of Cultural Economics.
Volume (Year): 31 (2007)
Issue (Month): 1 (March)
Contact details of provider:
Web page: http://www.springerlink.com/link.asp?id=100284
Auctions ; Cultural economics; D44; Z10;
Find related papers by JEL classification:
- D44 - Microeconomics - - Market Structure and Pricing - - - Auctions
- Z10 - Other Special Topics - - Cultural Economics - - - General
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