Inelastic Ticket Pricing - Sports Economics

What this episode covers

We use the tool of demand-elasticity to address the issue of why ticket pricing in professional sports tends to be lower than the level that economists would suggest to be optimal. A possible explanation to this apparent puzzle is offered -- in the form of 'complementary' revenue sources. Some material in these videos is based on textbook examples from: Sports Economics (3rd edn.) Selection from Fort, Leeds and von Allmen for Ross Booth (Monash University) and Liam Lenten (La Trobe University). Copyright 2012 La Trobe University, all rights reserved. Contact for permissions.

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Frequently Asked Questions

How long is this episode of Sports Economics?

This episode is 3 minutes long.

When was this Sports Economics episode published?

This episode was published on July 18, 2012.

What is this episode about?

We use the tool of demand-elasticity to address the issue of why ticket pricing in professional sports tends to be lower than the level that economists would suggest to be optimal. A possible explanation to this apparent puzzle is offered -- in the...

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