3 ms·
Why not raise prices until you hit the supply demand cross? Yes you will visit one event out of three (just as today), but the dignity will remain with you.
by thriftwy 3y ago
Why not raise prices until you hit the supply demand cross? Yes you will visit one event out of three (just as today), but the dignity will remain with you.
- mattnewton 3y agoI posted this elsewhere in the thread[0], but tldr I believe that concerts give value to fans and artists beyond the ticket price as a giant ad for the band’s brand and a community that forms around it, both pressures that put the optimal price for fans and artists below the market for it as a one time entertainment option. The optimal price point for the artist playing a repeated game is therefore lower than the optimal price point for an event venue or scalper. [0] https://news.ycombinator.com/reply?id=37624742&goto=item%3Fid%3D37623955%2337624742 https://news.ycombinator.com/reply?id=37624742&goto=item%3Fi...
- thriftwy 3y agoThis only works if buying that ticket does not become a nuisanse.
- conductr 3y agoGiven the tickets often are going on sale a year ahead of the events, they have plenty of time to just price them high and adjust prices down (or up) to satisfy or drive demand. The concept that the tickets all have a face value that’s fixed for all seats (or a couple grouping of) is kinda the weird part to me. The pricing should work like plane tickets. It’s not a market in its purest form and I think that’s ok. I see that coming with lots of issues too.