Market Value vs. Face Value
Face value of tickets to the BCS championship game between OSU and UF: $175 per ticket
True, market value of tickets to the BCS game based on recent Ebay sales: $1500 per ticket for the 5-15 yard line
CARPE DIEM
Professor Mark J. Perry's Blog for Economics and Finance
Sunday, December 10, 2006
True, market value of tickets to the BCS game based on recent Ebay sales: $1500 per ticket for the 5-15 yard line
About Me
- Name: Mark J. Perry
- Location: Washington, D.C., United States
Dr. Mark J. Perry is a professor of economics and finance in the School of Management at the Flint campus of the University of Michigan. Perry holds two graduate degrees in economics (M.A. and Ph.D.) from George Mason University near Washington, D.C. In addition, he holds an MBA degree in finance from the Curtis L. Carlson School of Management at the University of Minnesota. In addition to a faculty appointment at the University of Michigan-Flint, Perry is also a visiting scholar at The American Enterprise Institute in Washington, D.C.
2 Comments:
Hard to say that the latter would represent the eventual market price - if tickets are auctioned off and can be freely bought and sold; would it be $1500?
Tickets ARE auctioned off and freely bought and sold on Ebay, and are being sold for $1500 on Ebay, so I assume that reflects the market price.
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