The Welfare Effects of Ticket Resale∗
نویسندگان
چکیده
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 to measure the extent to which resale markets increase allocative efficiency, along with the extent to which they stimulate costly rent-seeking in the primary market. We find that half of the gains in allocative efficiency are offset by increased costs in the primary market.
منابع مشابه
Alan Sorensen (Stanford University), The Welfare Effects of Ticket Resale
* We are grateful to Ticketmaster and StubHub for providing data, and to Amitay Alter, Anna Mastri, and Tim Telleen-Lawton for many hours of outstanding research assistance. We are responsible for any errors.
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