A new blog about the economics of ticket scalping: The Ticket Economist:
I used to hate ticket scalpers and the practice of scalping until I
applied the age old lesson ‘keep your friends close and your enemies
closer’ to scalpers. Following this I became interested in figuring out
whether scalping was really good or bad. Decision: before the Internet,
it was bad, now it is good. If you follow the writings on this site you
will eventually understand why (I am not crazy).
Briefly, I am not an economist. I earned a social sciences degree from a small liberal arts college in the Boston area. From 2006 to 2007 I researched and wrote a thesis paper examining the economics of ticket scalping on the internet with the exceptionally patient guidance of an economist at Harvard Business School. When I am not writing about ticket stuff and purporting to know a lot about buying tickets, I run a small technology company that has nothing to do with event ticketing....
Writings on this blog should cover ticket scalping, ticket resale, translating academic babble into terms people like you and I can understand.Hat tip to
I think I'd keep it, either way. That's because I had a "pre nose job" poster of Michael Jackson that my sister gave me years ago. I sold it on Ebay to pay the rent and it went for double digits which isn't terrible considering that was probably the lowest era for MJ's fame level! :) It seems like the best decision for the non-nostalgic fan is the refund, I agree. The other sharp insight about the concert promoters selling off the unwanted tickets? Brilliant! I'd not even considered that a possibility so.. good going on digging deep into the theoretical situation!
Posted by: buy r4 dsi | January 20, 2010 at 08:59 PM