It would not be illegal to charge more depending on how far ahead one bought
the ticket, and to vary the package, e.g., the two-week purchase is
nonrefundable, etc. In fact, this happens with season tickets and
subscriptions. Also student tickets, etc. --jks
>
>Nonsense. The higher price paid by and to scalpers reflects price
>discrimination. It is only the few hardcore fans or people who need to buy
>tickets on short notice that are willing pay the higher price. In theory,
>ticket agencies could also reap these extra profits by charging a different
>price to every consumer according to indvidual willingness-to-pay, but - 1]
>blatant price discrimination is illegal, 2] they lack the informational
>mechanisim to determine individual willingness to pay. Scalpers are able
>to
>determine the latter through the extra-legal channel of selling hot tickets
>at the venue where those with the highest willingness to pay are likely to
>show up. This is so Econ 1 it is hard to believe your professor is serious.
>But this probably only reflects the poverty of academic economics when it
>comes to even elementary considerations of real market behavior.
>
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