Hollywood gets a lesson in 'supply & demand.'.
Author | Leonhardt, David |
Position | Evaluation of movie tickets prices - Brief article |
If you go to the movies on a Wednesday, there's no line to buy tickets, and the theater is almost empty. Your ticket costs $8. Go back on the weekend: You stand in a long line, and the only seats are in the third row. It's a hot ticket, yet it costs the same $8. This isn't the way much of the U.S. economy works. It's not how airlines sell seats, the Gap sells shirts, or eBay sells anything. Soon, it won't be the way movies work either: You'll pay more for a ticket on the weekends, you'll be able to reserve a seat for a few extra dollars, and you may have to pay more for...
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