Keyword: scalping
Excess Demand Blues - Scalpers profit from ticket shortage (2/23/2004)
Excess demand generated by low concert ticket price created profitable opportunity for scalpers.
Keywords: black market, concert, excess demand, market clearing, scalper, scalping, shortage, ticket price
Why Are Better Seats "Underpriced"? (10/24/2000)
Better seats might be deliberately underpriced to sell them out so as to prevent customers with cheaper seats to switch to unoccupied better and more expensive seats.
Keywords: elasticity, enforcement costs, revenue maximization, scalping, seat switching, seats, ticket, underpriced, wealth maximization