Prompt Cast
Factors influencing sports ticket prices
TLDR Economists are puzzled by the decreasing sports ticket prices despite increasing attendance, with factors such as stadium sponsorships, individual willingness to pay, and post-pandemic skepticism contributing to the trend.
Timestamped Summary
00:00
Sports ticket prices have been decreasing despite increasing attendance, leaving economists puzzled.
03:44
Two hosts attend multiple sporting events in one day to investigate why ticket prices might be dropping, starting with a high school track meet.
08:11
A horse track owner in Long Island built a wall around his racetrack in 1829, turning horse races into a product, and now high school sports events have parents paying to watch their kids compete.
11:50
Fans discuss ticket prices and the impact of last-minute purchases on lowering prices in the secondary ticket market.
15:32
Stadium sponsorships may be driving down ticket prices as teams prioritize maximizing advertising impressions.
19:14
Ticket prices fluctuated during the pandemic due to games being postponed and eventually canceled, leading to uncertainty and anomalies in the ticket price index.
22:45
Ticket prices can vary based on individual willingness to pay, leading to price discrimination, but teams like the Brooklyn Nets maximize revenue by offering additional items and experiences at games.
26:22
Ticket prices have been dropping, possibly due to increased skepticism and cynicism post-pandemic, leading to uncertainty about the reasons behind the falling ticket price index.
