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E-Baying for blood?: noncompetitive flexible pricing in entertainment ticketing-some demand side evidence

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  • Samuel Cameron

Abstract

This article gives some exploratory results from estimating a consumer surplus type equation which features a number of economic and demographic variables as regressors. We calculate an income elasticity for the maximum surplus that individuals would ever perceive themselves to be getting by being allowed to buy at a set price. The results also show that those who attend the cinema are significantly less inclined to generate a surplus in flexible price events markets whilst young adults offer to pay quite a large amount more for their heavily desired entertainment. This suggests that part of the burden of a shift in ticket pricing methods may be borne by the parents of young adults.

Suggested Citation

  • Samuel Cameron, 2008. "E-Baying for blood?: noncompetitive flexible pricing in entertainment ticketing-some demand side evidence," Applied Economics, Taylor & Francis Journals, vol. 40(10), pages 1315-1322.
    • Handle: RePEc:taf:applec:v:40:y:2008:i:10:p:1315-1322
    DOI: 10.1080/00036840600771353
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    References listed on IDEAS

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    1. Alan B. Krueger, 2005. "The Economics of Real Superstars: The Market for Rock Concerts in the Material World," Journal of Labor Economics, University of Chicago Press, vol. 23(1), pages 1-30, January.
    2. Samuel Cameron, 2002. "The Economics of Sin," Books, Edward Elgar Publishing, number 2582.
    3. Alan Krueger, 2004. "The Economics of Real Superstars: The Market for Rock Concerts in the Material World," Working Papers 863, Princeton University, Department of Economics, Industrial Relations Section..
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