Resale and Rent-Seeking: An Application to Ticket Markets
نویسندگان
چکیده
منابع مشابه
Resale and Rent-Seeking: An Application to Ticket Markets
We estimate an equilibrium model of ticket resale in which consumers’ and brokers’ decisions in the primary market reflect rational expectations about the resale market. Estimation is based on a unique dataset that merges transaction details from both the primary and secondary markets for tickets to major rock concerts. In our model, the presence of a resale market permits tickets to be traded ...
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We estimate a model of ticket resale that incorporates strategic effort choices by consumers and brokers in the primary market, rational anticipation of resale activity, and the resulting resale market equilibrium. Estimation is based on a unique dataset that combines detailed sales data from both the primary and secondary markets for a sample of major rock concerts. We use the estimated model ...
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ژورنال
عنوان ژورنال: The Review of Economic Studies
سال: 2013
ISSN: 0034-6527,1467-937X
DOI: 10.1093/restud/rdt033