Friday, May 4, 2018

Tickets $$$


The question I will research to help explore the economic principle is: What are the economics of a Music Concert and how do consumers respond to incentives by the music industry/ how are they incentivized.


Image result for concert ticketsSub Question: What are the differences in the level of a ticket at shows.
Consumers are usually looking for the best deal when trying to buy a ticket to the show. Depending on the size of the venue and level of tickets that the artist offers will all take into an account of what the consumer is paying for. United Center Concerts: Seating for Chicago's Massive Music Venue
Describes what level of experience a consumer can specifically expect when buying at each level at Chicago's own United Center. If the venue is massive like the United Center, there are tickets that can range up into the hundreds of dollars and if its a general admission show at a venue like the Riviera in Chicago. There will be only one type of ticket offered with sometimes maybe a meet and greet offered


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