EconPapers    
Economics at your fingertips  
 

Seniority Seating at the Royal Opera House

Jeff Frank () and Eric Smith ()

Oxford Economic Papers, 1996, vol. 48, issue 3, 492-98

Abstract: This paper examines lotteries and seniority queues as forms of commodity bundling price discrimination. There are good and bad seats, and two types of potential purchasers. Offered the choice of a high-priced good seat and a moderately-priced bundle of good and bad seats, customers self-select into high and low valuation types. For single-period purchases, the bundle is a lottery over good and bad seats. For repeated purchases, monopolists such as the Royal Opera House can do better by setting up a seniority allocation system. Copyright 1996 by Royal Economic Society.

Date: 1996
References: Add references at CitEc
Citations: View citations in EconPapers (2) Track citations by RSS feed

Downloads: (external link)
http://links.jstor.org/sici?sici=0030-7653%2819960 ... 0.CO%3B2-H&origin=bc full text (application/pdf)
Access to full text is restricted to JSTOR subscribers. See http://www.jstor.org for details.

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:oup:oxecpp:v:48:y:1996:i:3:p:492-98

Ordering information: This journal article can be ordered from
http://www.oup.co.uk/journals

Access Statistics for this article

Oxford Economic Papers is currently edited by A. Banerjee and James Forder

More articles in Oxford Economic Papers from Oxford University Press Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK.
Bibliographic data for series maintained by Oxford University Press ().

 
Page updated 2020-05-21
Handle: RePEc:oup:oxecpp:v:48:y:1996:i:3:p:492-98