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Russ Roberts
PERMANENT LINK | APRIL 10, 2006

Ticket Scalping and Opportunity Cost

Mike Munger
Hosted by Russ Roberts
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The Economics of Parenting... The Economics of Sports...

Michael MungerMichael Munger of Duke University and Russ Roberts talk about the economics of ticket scalping, examining our reactions to free and found goods, gifts, e-Bay, value in use vs. value in exchange, and opportunity costs.

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Time: 29:45
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Readings and Links related to this podcast

Podcast Readings
HIDE READINGS
  • A Fable of the OC by Michael Munger
  • The Secret History of the Dismal Science, David M. Levy and Sandra J. Peart
  • Revealed Preference vs. Happiness, EconLog blog entry by Arnold Kling
  • Opportunity Cost, David R. Henderson, Concise Encyclopedia of Economics
  • Addendum: Check out a follow-up question addressed in this Mailbag (Time Mark 47:56)
    • CATEGORIES: Mike Munger , Sports , Trade and Exchange

    Posted by Russ Roberts

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