Question A:
The market power of ticket-selling intermediaries leads to consumers who ultimately attend the music events paying substantially more and producers receiving substantially less than they would if the intermediary sector were more competitive.
Responses
Responses weighted by each expert's confidence
Question B:
The present system of initial ticket selling and reselling through secondary ticket intermediaries often leads to large transfers between different groups of ticket buyers that could be partially captured by artists through higher initial ticket prices.
Responses
Responses weighted by each expert's confidence
Question C:
Artists set prices at less than market-clearing levels in an effort to provide access for fans with modest incomes.
Responses
Responses weighted by each expert's confidence
Question A Participant Responses
Question B Participant Responses
Question C Participant Responses
| Participant | University | Vote | Confidence | Bio/Vote History |
|---|---|---|---|---|
 Daron Acemoglu |
MIT | Bio/Vote History | ||
|
Many factors affect artists' pricing decisions, and there is probably considerable heterogeneity in their priorities.
|
||||
 Joseph Altonji |
Yale | Bio/Vote History | ||
|
|
||||
 Alan Auerbach |
Berkeley | Bio/Vote History | ||
|
|
||||
 David Autor |
MIT | Bio/Vote History | ||
|
That's what the artists say, and it may even be what they intend, but it's not what happens, so it's hard to explain why they keep saying and doing this. There ought to be a better mechanism that preserves some low price tix for direct access by fans.
|
||||
 Katherine Baicker |
University of Chicago | Bio/Vote History | ||
|
|
||||
 Abhijit Banerjee |
MIT | Did Not Answer | Bio/Vote History | |
|
|
||||
 Marianne Bertrand |
Chicago | Bio/Vote History | ||
|
|
||||
 Markus Brunnermeier |
Princeton | Bio/Vote History | ||
|
|
||||
 Raj Chetty |
Harvard | Did Not Answer | Bio/Vote History | |
|
|
||||
 Judith Chevalier |
Yale | Bio/Vote History | ||
|
Prices are often set at less than market-clearing levels and that appears to sometimes be at the direction of the artist. The reasons why may be more complex than stated.
|
||||
 David Cutler |
Harvard | Bio/Vote History | ||
|
|
||||
 Angus Deaton |
Princeton | Bio/Vote History | ||
|
|
||||
 Darrell Duffie |
Stanford | Bio/Vote History | ||
|
|
||||
 Aaron Edlin |
Berkeley | Bio/Vote History | ||
|
|
||||
 Barry Eichengreen |
Berkeley | Bio/Vote History | ||
|
The "with modest incomes" part is uncertain.
|
||||
 Liran Einav |
Stanford | Bio/Vote History | ||
|
|
||||
 Ray Fair |
Yale | Bio/Vote History | ||
|
|
||||
 Amy Finkelstein |
MIT | Did Not Answer | Bio/Vote History | |
|
|
||||
 Pinelopi Goldberg |
Yale | Bio/Vote History | ||
|
|
||||
 Austan Goolsbee |
Chicago | Did Not Answer | Bio/Vote History | |
|
|
||||
 Michael Greenstone |
University of Chicago | Bio/Vote History | ||
|
there are surely many reasons........including social norms about what is "fair"
|
||||
 Robert Hall |
Stanford | Bio/Vote History | ||
|
|
||||
 Oliver Hart |
Harvard | Bio/Vote History | ||
|
Some artists do but many do not.
|
||||
 Bengt Holmström |
MIT | Bio/Vote History | ||
|
Some do, most don’t is my impression
|
||||
 Caroline Hoxby |
Stanford | Bio/Vote History | ||
|
|
||||
 Hilary Hoynes |
Berkeley | Bio/Vote History | ||
|
|
||||
 Kenneth Judd |
Stanford | Bio/Vote History | ||
|
Artists need the energy of an active audience. I can afford higher prices to the concerts I attend but I just sit there and observe the performance. No screaming. Occasional applause. I would not want to be a performer and have an audience of only people like me.
|
||||
 Steven Kaplan |
Chicago Booth | Bio/Vote History | ||
|
|
||||
 Anil Kashyap |
Chicago Booth | Bio/Vote History | ||
|
Maybe, but maybe the free publicity from the scramble to get the scarce tix is the motivator?
|
||||
 Pete Klenow |
Stanford | Bio/Vote History | ||
|
|
||||
 Jonathan Levin |
Stanford | Bio/Vote History | ||
|
|
||||
 Eric Maskin |
Harvard | Bio/Vote History | ||
|
|
||||
 William Nordhaus |
Yale | Bio/Vote History | ||
|
|
||||
 Maurice Obstfeld |
Berkeley | Bio/Vote History | ||
|
|
||||
 Emmanuel Saez |
Berkeley | Bio/Vote History | ||
|
|
||||
 Larry Samuelson |
Yale | Bio/Vote History | ||
|
There may be other reasons, including the publicity generated by frenzied ticket sales.
|
||||
 José Scheinkman |
Columbia University | Bio/Vote History | ||
|
|
||||
 Richard Schmalensee |
MIT | Did Not Answer | Bio/Vote History | |
|
|
||||
 Carl Shapiro |
Berkeley | Bio/Vote History | ||
|
|
||||
 Robert Shimer |
University of Chicago | Bio/Vote History | ||
|
|
||||
 James Stock |
Harvard | Did Not Answer | Bio/Vote History | |
|
|
||||
 Richard Thaler |
Chicago Booth | Bio/Vote History | ||
|
Artists want at least some fans who are young and enthusiastic. Such fans do not always have the highest WTP.
|
||||
 Christopher Udry |
Northwestern | Bio/Vote History | ||
|
I am sure there are multiple reasons; this is among them for some artists.
|
||||
