2 ms·

Seems like nonoptimal behavior on their part - once they've sold all the marked up tickets they can, they should sell the rest for a smaller markup until they'r

by ikeboy 9y ago

Seems like nonoptimal behavior on their part - once they've sold all the marked up tickets they can, they should sell the rest for a smaller markup until they're out. And, it's also nonoptimal behavior on the events part, because they could increase total revenue by decreasing seats and increasing price.

monocasa 9y ago
Or maybe maximum money changing hands isn't always the best proxy for maximum utility.
- ikeboy 9y ago
  No, you measure total surplus which is supplier surplus plus consumer surplus.