Unformatted text preview: early (Dana, 1999) or offers a menu of options with varying upfront prices and levels of refund in the event of cancellation (Courty and Li, 2000). The opportunities for intertemporal price discrimination will largely depend on the ticket agency’s ability to prevent resale. When resale is possible, advance booking opens the possibility for third parties to buy tickets in advance and to hold them until the event date, with the intent to resell them close to the event date....
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This note was uploaded on 02/24/2010 for the course ECON 1313212 taught by Professor John during the Spring '09 term at The School of the Art Institute of Chicago.
- Spring '09