The fact that a site like Stubhub has gained so much popularity and has continued to thrive is testament to the fact that its existence helps to equalize the economic forces and sustain the secondary ticket sales market. These facts alone do not justify the existence of sites like Stubhub, but they show a demand for a secondary market, at least in tickets sales for these types of sporting events.
In response to the article and its main points, I completely agree with author Isadore. I firmly believe that since the primary market for tickets is often unfairly or inadequately regulated by factors such as specific access and timing purchases, that a secondary market would lead to far better access and ticket valuation than currently exists within the primary market itself. The basic economic premises behind supply and demand have been altered, or unfairly modified by limiting ticket sales to a primary market. As evidenced by Isadore in his article, often the demand for tickets to specific, or even hypothetical games like a Cubs vs. Red Sox World Series event, far outweighs the supply, and where market equalization is concerned, websites like Stubhub help to serve the fans as well as the ticket holders looking to offload their tickets.
Working with the assumption that certain people deserve first access rights to tickets while others, often willing to pay multiples of the face value are left out of the access pool, it is easy to see how some fans could become angry that websites like Stubhub exist. Not too many people can pay $6,000 for a World Series ticket, let alone $75,000. But when the market demands are equalized, outside of the rules, regulations, and moral considerations of the primary market, which have existed as long as there have been tickets to sell upon an ever-growing wave of demand, the ticket prices...
TICKET PRICES AND ATHLETE SALARIES NEGATIVELY AFFECTED PROFESSIONAL SPORTS? Professional sports are a multi-billion dollar global industry and these events contribute a great deal to a nation's economic performance. As the global economy continues to recover from the lingering aftershocks of the Great Recession of 2008, though, the pressing issues of skyrocketing ticket prices and athlete salaries and how they have negatively affected professional sports have assumed new importance and
Market Orientation of Medical Diagnostic Units Dissertation for Master of Health Administration i. Introduction ii. Objectives iii. Description iv Administrative Internship v. Scope and Approach vi. Growth vii. Methodology viii. Hypothesis ix. Survey Questionnaire x. Research Design xi. Observation and Data Presentation xii. Test provided xiii. Analysis of findings Marketability of Patient Satisfaction Importance of Employee Satisfaction xiv. Conclusions and Recommendations xv. Bibliography xvi. Notes xvii. Appendices Market Orientation of Medical Diagnostic Units
The Chinese sport has been identified as one of the most dynamic sectors in China based on the market value of the sports industry. In 2013, the market value of the Chinese sports industry was more than $2.91 Billion and increased to $3.44 Billion in 2014 revealing an increase of 18.01%. Typically, Chinese sports industry also recorded the market values of $3.43 Billion at the end of 2015 fiscal year.
In the case of electronic ticketing, while the overall risk of the actual process of electronic ticketing has proven to be minimal for implementation, it is still very important that we run risk evaluation tests in order to see if the integration of the model of electronic ticketing will gel into out company structure as well as it has for other business structures. Each of these eight areas is established
Behavioral Finance and Human Interaction a Study of the Decision-Making Processes Impacting Financial Markets Understanding the Stock Market Contrasting Financial Theories Flaws of the Efficient Market Hypothesis Financial Bubbles and Chaos The stock market's dominant theory, the efficient market hypothesis (EMH) has been greatly criticized recently for its failure to account for human errors, heuristic bias, use of misinformation, psychological tendencies, in determining future expected performance and obtainable profits. Existing evidence indicates that past confidence in the
By virtue of the fact that sports such as baseball and football in the United States had begun to prove themselves enormously popular and profitable, the intrusion of sponsorship and advertisement as a regular element of the game had begun a century ago. However, the paired evolution of the sports market to the coverage of an enormous breadth of market contexts and categories and of the media channels through
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