A Model of Ticket Resale - AModelofTicketResale

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A Model of Ticket Resale As suggested above, an important characteristic of ticket markets is that some consumers want to plan in advance while others prefer to wait until the last minute. This feature of the demand for tickets may explain the con ict between event promoters and brokers. Let’s assume that the audience is composed only of two types of consumers: “diehard fans,” who plan their social calendars well in advance, and “busy professionals,” who make decisions at the last minute. This consumer characterization does not suggest that busy professionals enjoy the event less than diehard fans, only that these two market segments plan their social calendars differently. Indeed, a consumer could qualify as a diehard fan for one event and as a busy professional for another. There are 
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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.

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A Model of Ticket Resale - AModelofTicketResale

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