Taylor Swift Should Charge More for Eras
A discussion of arbitrage, allocative efficiency, and price discrimination.
Yesterday, I wrote a piece for National Review addressing the controversy surrounding the price of Taylor Swift concert tickets on secondary markets.
TL;DR: When you set a price below the market-clearing one, you should not be surprised when those under-valued tickets are resold to the highest bidder. I also present an alternative mechanism by which Swift could have made more profit for herself and satisfied her goal of ensuring poorer fans could attend her performance.
The full article can be read here.