The Welfare Effects of Ticket Resale

The Welfare Effects of Ticket Resale
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门票转售的福利效应

DOI:
10.3386/w15476
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发表时间:
2009
期刊:
National Bureau of Economic Research
影响因子:
--
通讯作者:
Alan T. Sorensen
Alan T. Sorensen
中科院分区:
--
文献类型:
--
作者:
Phillip Leslie;Alan T. Sorensen

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我们开发了一个均衡模型的门票转售,其中买家的决定在一级市场,包括昂贵的努力,“早到”购买低价门票,是基于转售市场结果的理性预期。我们估计模型的参数,使用一种新的数据集,结合交易数据从主要的摇滚音乐会的样本的一级和二级市场。我们的估计表明,虽然转售提高了配置效率,一半的福利收益从重新分配被抵消了昂贵的努力,在抵达游戏和转售市场的交易成本的增加。
We develop an equilibrium model of ticket resale in which buyers' decisions in the primary market, including costly efforts to "arrive early" to buy underpriced tickets, are based on rational expectations of resale market outcomes. We estimate the parameters of the model using a novel dataset that combines transaction data from both the primary and secondary markets for a sample of major rock concerts. Our estimates indicate that while resale improves allocative efficiency, half of the welfare gain from reallocation is offset by increases in costly effort in the arrival game and transaction costs in the resale market.
DOI: 10.2307/1913622
发表时间: 1989-09-01
期刊: ECONOMETRICA
影响因子: 6.1
作者:
PAKES, A;POLLARD, D
通讯作者: POLLARD, D