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).
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).
3 Comments:
PERFECT Segway!
" 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.
http://goo.gl/zTgRB
excerpt:
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?
posted at the same time:
Wow, Demand Curves Really DO Slope Downward!
http://mjperry.blogspot.com/2012/01/so-demand-curves-really-do-slope.html
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),
and
b) an increase in demand, or high demand, for a fixed number of BCS tickets, leading to high ticket prices.
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