Class of 2025Southlake, Texas
AboutHi! My name is Andrew Wanghan, and my project is a review of literature on variables that can influence ticket pricing of NBA franchises. From a young age, I've always been intrigued by the NBA and economics, and wanting to become more interested, I have decided to create my project over this, and I am currently exploring more into business.
- What variables predict ticket prices of NBA franchises? with mentor John (June 24, 2023)
What variables predict ticket prices of NBA franchises?
Started Jan. 12, 2023
Abstract or project description
We examine the academic literature to determine main predictors of ticket pricing for NBA franchises over the course of a single season. Our paper follows two main sections: demand factors affecting ticket prices of NBA franchises and supply factors affecting ticket prices of NBA franchises. Related to these sections, we also map strategies NBA teams can use to extract surplus, including dynamic pricing (i.e.., price discrimination) and monopoly profits. It is important to consider team specific differences (the variability that exists between teams) as well as consider factors of pricing that affect all teams the same but may change over time (e.g., the state of the economy in the country). Although we shed light on these issues, our paper cannot possibly account for all factors.