This paper explores the demand for attendance at professional sporting events using a data set that includes ticket prices and a price index reflecting prices for ancillary goods associated with attendance. Previous research has focused on attendance at Major League Baseball games, but this study also includes attendance at NBA and NFL contests. The analysis largely confirms existing findings that attendance demand is price inelastic, a result that is often thought to be at odds with the monopoly status of professional sports franchises. The analysis shows that ticket pricing in the inelastic portion of the demand curve is consistent with revenue maximization by monopoly teams that also set prices for related goods and services like concessions and parking closer to the elastic portion ...
... assess the affect of the prices of complementary goods like concessions, parking, and programs on a...
...(45) Additionally, new goods are generally quite valuable, and the cost of dete... above, transactions involving complementary products (indirect network effects) fully internal...
... the exclusive handling of the sponsored goods by threatening the cancellation of dealer franchis..., prohibits the marketing of complementary goods by a manufacturer or processor enjoying some...
... who delineated the difference between goods of the "first order" and goods of the "higher orde... their plans is to integrate complementary capital inputs. In the mind of the entrepreneur at...
... much conflicting goals as they are complementary goods: the value of the Smart Grid to consumers, u...
... the recourses available to, users of both goods and services. The Law, which became effective on A..., hailed from certain areas, were complementary to other goods or denigrated other goods; . were h...
... specialize in repairing specific brands of goods within a more general class. (7) These businesses need to communicate the complementary relationship between the original, underlying prod...
This paper uses a panel approach and annual observations of over 150 countries for the period 1975 - 2000 to examine the impact of foreign aid and trade on income. The paper addresses the simultaneity of international trade, foreign aid and economic performance by using a full information system or three-stage least squares approach. The findings of this paper strongly suggest that foreign aid and trade are strong determinants of GDP per worker, albeit in opposite directions. The regression results are robust to the inclusion of a multitude of exogenous variables that are considered to be determinants of GDP per worker. Foreign aid is a commonly owned resource, powerful individuals and state heads establish property right in the system and, as a result, rent extractors expend resources ...
... toward trade liberalization both in goods and services, foreign aid recipients remain stagna... also financial services) appears complementary to economic performance. This paper considered Fdi...
The first is that national borders matter; maybe they are even all that matters. [...] liberal impartiality is only properly applied within the national context.4 The second position, antithetical to the first, recognizes that if liberalism is to aspire to be a coherent and serviceable school of thought it must come to terms with its global aspirations.
... ethical appropriateness of redistributing goods and benefits (for example, wealth, power, reward, ... seem to be what economists call "complementary goods." Like coffee and cream, demand for the form...
Microsoft v. Commission indicates a shift in competition policy at the expense of protections for intellectual property. The case applies "essential facilities" arguments to Microsoft's server operating system and "tying" arguments to its Windows Media Player. The dynamic effects of Microsoft v. Commission pose a substantial risk to the incentive to innovate in several ways. First, mandatory licensing and unbundling of the elements of an invention erode intellectual property rights. Second, the targeting of multinational corporations by the European Union creates barriers to international trade whose impacts extend across the global economy. Third, the interpretation of "abuse of a dominant position" focuses on market outcomes rather than on anticompetitive conduct, thus penalizing succ...
... effect of prices and features of complementary goods on a consumer's benefit from the network goo...
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