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| Author: | Halcoussis, D. Mathews, T. |
| Title: | eBay auctions for 'Third Eye Blind' concert tickets |
| Journal: | Journal of Cultural Economics
2007 : VOL. 31:1, p. 65-78 |
| Index terms: | arts culture music industry auctions electronic commerce Internet |
| Freeterms: | e-commerce |
| Language: | eng |
| Abstract: | The band 'Third Eye Blind' recently completed a tour, selling tickets (here as: tcks.) only through eBay with tickets bundled (as: t-bdld.) with either VIP passes or autographed posters (as: a-pstrs). Based on these data, measured are price variations across different markets, and also the premiums (as: prm. / prms.) paid for different ticket types. Auctioning allows the seller to practice 'Third Degree Price Discrimination' and bundling, without needing to determine prices in each market and for each different bundle. It is found that t-bdld. with VIP passes command a substantial positive prm. whereas t-bdld. with a-pstrs. a small negative prm. Different prices emerge in different geographic markets, and auction prices are positively related to the fixed price at the Buy-it-Now. |
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