TY - JOUR
T1 - What are SEC football tickets worth? Evidence from secondary market transactions
AU - Sanford, Ken
AU - Scott, Frank
PY - 2014/7
Y1 - 2014/7
N2 - Tickets to sporting events are highly differentiated-seat location, date and time of the game, and home-team and opponent qualities make each ticket unique. Preferences also differ nontrivially across fans, all of which make the supplier's pricing problem complex. We examine strategies employed by Southeastern Conference (SEC) universities in pricing their football tickets and evaluate their effectiveness in extracting surplus from fans. We use hedonic analysis of data collected from online secondary market transactions to construct a synthetic season ticket, which we compare to prices actually charged by university athletic departments. We also compare quality premiums charged by universities for better seats with market evaluations of those quality differences.
AB - Tickets to sporting events are highly differentiated-seat location, date and time of the game, and home-team and opponent qualities make each ticket unique. Preferences also differ nontrivially across fans, all of which make the supplier's pricing problem complex. We examine strategies employed by Southeastern Conference (SEC) universities in pricing their football tickets and evaluate their effectiveness in extracting surplus from fans. We use hedonic analysis of data collected from online secondary market transactions to construct a synthetic season ticket, which we compare to prices actually charged by university athletic departments. We also compare quality premiums charged by universities for better seats with market evaluations of those quality differences.
UR - http://www.scopus.com/inward/record.url?scp=84904668188&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=84904668188&partnerID=8YFLogxK
U2 - 10.4284/0038-4038-2011.051
DO - 10.4284/0038-4038-2011.051
M3 - Article
AN - SCOPUS:84904668188
SN - 0038-4038
VL - 81
SP - 23
EP - 55
JO - Southern Economic Journal
JF - Southern Economic Journal
IS - 1
ER -