Win a World Series, Raise Ticket Prices. but, Excessively?

By Keohane, Ryan M.; Sommers, Paul M. | Atlantic Economic Journal, September 2008 | Go to article overview

Win a World Series, Raise Ticket Prices. but, Excessively?


Keohane, Ryan M., Sommers, Paul M., Atlantic Economic Journal


JEL L83

The Boston Red Sox celebrated wildly on the field in St. Louis in October 2004, having just completed a sweep of the Cardinals and ending an 86-year World Series championship drought. Prior to the 2004 season, diehard Red Sox fans would have been willing to pay practically anything to see their beloved Red Sox break the "Curse of the Bambino." However, in the spring of 2005, the Red Sox announced ticket prices for the coming season and many fans experienced sticker shock. Ticket prices in Boston climbed 9.3% to a league-high $44.56 (http://money.cnn.com/2005/ 04/04/news/funny/baseball_ticket_prices/). Was the 9.3% increase commensurate with ticket price increase elsewhere or were Red Sox fans paying the price of winning a championship?

Does a World Series championship in Major League Baseball (MLB) translate into significantly higher ticket prices in the following season? If winning a title increases the demand for tickets, then ceteris paribus ticket prices should rise. As other teams attempt to improve team quality to become more competitive, their ticket prices will also rise. Presumably, ticket sales are sensitive to the previous season's standing and higher winning percentages have led to higher ticket prices [P.M. Sommers (1994), "Ticket Prices and Players Salaries in Major League Baseball," Journal of Recreational Mathematics, 26(4), 274-276], but will ticket prices for World Series champions rise even higher? Using data on ticket prices for all teams over the period 1991 to 2006, we find that owners of a World Series champion increase ticket prices differently from the rest of the league.

Ticket price data are from http://rodneyfort.com/PHSportsEcon/SportsEcon.htm and were used to find the average ticket price increase (all of which are weighted averages by seat type) for World Series winners and all other teams in MLB from 1991 to 2005 (excluding 1994, when, in August, the players went on strike, leading to cancellation of the remainder of the season, including the World Series). …

The rest of this article is only available to active members of Questia

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Buy instant access to cite pages or passages in MLA 8, MLA 7, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

(Einhorn 25)

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Note: primary sources have slightly different requirements for citation. Please see these guidelines for more information.

Cited article

Win a World Series, Raise Ticket Prices. but, Excessively?
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Help
Full screen
Items saved from this article
  • Highlights & Notes
  • Citations
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Style
    Citations are available only to our active members.
    Buy instant access to cite pages or passages in MLA 8, MLA 7, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    Buy instant access to save your work.

    Already a member? Log in now.

    Search by... Author
    Show... All Results Primary Sources Peer-reviewed

    Oops!

    An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.