Major League Baseball: Dynamic Ticket Pricing and Measurement Costs

Tim Dittmer and Bob Carbaugh

Journal for Economic Educators, 2014, vol. 14, issue 1, 44-57

Abstract: This paper discusses dynamic ticket pricing by Major League Baseball and how it applies to the measurement or transaction explanation of pricing. Key reductions in the cost of measuring margins that vary in value, such as the win/loss record of the opposing team, are identified, and these reductions in measurement cost help explain the switch from static to variable to dynamic pricing of tickets. Instructors of intermediate microeconomics and managerial economics that wish to discuss dynamic pricing may find this example interesting to sports oriented students.

Keywords: major league baseball; dynamic ticket pricing; measurement costs (search for similar items in EconPapers)
JEL-codes: A2 D4 M2 (search for similar items in EconPapers)
Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://capone.mtsu.edu/jee/2014/P44toP57-Ms613.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:mts:jrnlee:v:14:y:2014:i:1:p:44-57

Access Statistics for this article

More articles in Journal for Economic Educators from Middle Tennessee State University, Business and Economic Research Center Contact information at EDIRC.
Bibliographic data for series maintained by Michael Roach ().