Saturday, January 07, 2012

BCS: Record Ticket Prices for College Football

NOLA.COM --  "Monday night’s BCS showdown between Louisiana State University and the University of Alabama will crown a national champion. But the game appears likely to produce another title: highest-priced tickets ever for a college football game."

MP: At TicketsNow, the official ticket reseller ("scalper") for the BCS, 575 tickets are currently being offered for sale at prices ranging from $1,292 for seats in the upper levels to $5,460 for seats in the 13th row at the 50 yard line (see sample above of the highest-price seats). 


At 1/07/2012 1:15 PM, Blogger Larry G said...


" Dynamic Pricing: The Future of Ticket Pricing in Sports"

Dynamic pricing will become much more prevalent in both professional and collegiate sports over the next few years.


Dynamic pricing boosts the revenue maximization goals of sports organizations.

- Dynamic pricing incentivizes consumers to purchase season-tickets in order to secure a greater sense of price certainty in the face of real-time pricing.

- Dynamic pricing allows consumers the flexibility to acquire significant savings on low demand games.

As mentioned at the outset, real-time pricing is not a new concept. Travel-related industries such as hotels, rental cars, and airlines have employed this technique for years. Real-time pricing also surfaces in the market for energy.:

so for those with libertarian leanings.. is dynamic pricing a good thing for markets?

At 1/08/2012 9:21 AM, Blogger rjs said...

posted at the same time:
Wow, Demand Curves Really DO Slope Downward!

At 1/08/2012 9:53 AM, Blogger Mark J. Perry said...

There's no inconsistency between the two posts, if that's the point you're trying to make! You might be confusing:

a) an increase in price (minimum wage) leading to a decrease in quantity demanded (hours for minimum wage workers),


b) an increase in demand, or high demand, for a fixed number of BCS tickets, leading to high ticket prices.


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