Ticket Scalping and Opportunity Cost

April 10, 2006, Featuring Mike Munger

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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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)
    • Featured Speakers and Categories: Mike Munger on Sports Trade and Exchange

    Posted by Russ Roberts

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