CARPE DIEM: Markets In Everything: Obama Graduation Tickets

Thursday, April 29, 2010

For the University of Michigan graduation this Saturday, May 1:

Ebay: Tickets for $50.

Craig's List: Tickets for $40.

At 4/29/2010 10:09 PM, W.E. Heasley said...: Several ticket questions:

(1) Can you bid using a $50 equivalency? 50 homes in the City of Detroit?

(2) the opportunity cost may be too high for the $50 ticket. Wouldn’t the $50 be more valuable to a recent graduate for a bus ticket out of the Michigan job market?

(3) should the $50 be saved for the next Jennifer Granholm tax hike?
At 4/30/2010 4:45 AM, Anonymous said...: Is that scalping? Does Ann Arbor have a law against that?
At 4/30/2010 8:42 AM, geoih said...: I'd like to know how the University and the City are paying for this circus? After ten straight years of budget cuts at the UM, the city loosing it's largest tax paying employer, where is the money coming from? They flew in 5 giant helicopters yesterday, just to practice.
At 4/30/2010 9:24 AM, morganovich said...: i heard that goldman sachs is shorting them...
At 5/01/2010 2:31 PM, juandos said...: "i heard that goldman sachs is shorting them..."...

Funny! Hilarious in fact...

Yet there are three groups here G-S could be shorting:

1)the state

2)the graduates

3)the university

Maybe G-S is going for the trifecta...

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.

CARPE DIEM