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An economic guide to ticket pricing in the entertainment industry

Author

Listed:
  • Pascal COURTY

    (London Business School, Department of Economics)

Abstract

This paper reviews the literature on ticket pricing in the entertaniment industry. All along, I try to evaluate whether ticket markets outeomes are consistent with theoretical predictions. Overall, the literature provides a good understanding for observed variations in ticket prices. The literature, however, fails to explain situations where prices do not vary. We have but a poor understanding for why prices often do not vary over the run of a show, why more popular shows do not charge more and why most venues are scaled in just a few sections. I also review the empirical literature of price discrimination in ticket, markets. By contrasting the theoretical and the enipirical literatures, the paper identifies a set of promising directions for future research.

Suggested Citation

  • Pascal COURTY, 2000. "An economic guide to ticket pricing in the entertainment industry," Discussion Papers (REL - Recherches Economiques de Louvain) 2000024, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
    • Handle: RePEc:ctl:louvre:2000024
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    File URL: http://sites.uclouvain.be/econ/DP/REL/2000024.pdf
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    References listed on IDEAS

    as
    1. Rosen, Sherwin & Rosenfield, Andrew M, 1997. "Ticket Pricing," Journal of Law and Economics, University of Chicago Press, vol. 40(2), pages 351-376, October.
      • Rosen, Sherwin & Rosenfield, Andy, 1995. "Ticket Pricing," Working Papers 120, The University of Chicago Booth School of Business, George J. Stigler Center for the Study of the Economy and the State.
    2. Walras, L. & Holmes, P., 1980. "The state and the railways," Journal of Public Economics, Elsevier, vol. 13(1), pages 81-100, February.
    3. Coase, Ronald H, 1972. "Durability and Monopoly," Journal of Law and Economics, University of Chicago Press, vol. 15(1), pages 143-149, April.
    Full references (including those not matched with items on IDEAS)

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    Keywords

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    JEL classification:

    • D4 - Microeconomics - - Market Structure, Pricing, and Design
    • L82 - Industrial Organization - - Industry Studies: Services - - - Entertainment; Media
    • Z1 - Other Special Topics - - Cultural Economics

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