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National Repository of Grey Literature 1 records found  Search took 0.00 seconds. 
Black market for tickets to sports and cultural events: an error or intention?
 Šoral, Dalibor ; Šťastný, Daniel (advisor) ; Chytilová, Helena (referee)
Black market for tickets to sports and cultural events presents a widespread problem. The existence of this phenomenon leaves a question open whether this phenomenon has been deliberately generated by managers and organizers who then benefit from it or whether this phenomenon arises as a side effect of mispricing. My paper is exploring the black market in the Czech Republic for tickets to football matches, theater performances and concerts of popular music. Prices are set at levels lower than the equilibrium level, managers and organizers pursue other interest than profit maximizing from admission. The black market is not supported because of profit maximization; on the other hand there is no motivation to prevent it. Costs of avoidance could be higher than loss income.
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