Economist's have long puzzled over why tickets for almost sure to
sell-out concerts aren't sold for more and similarly why amusement parks
don't congestion price their attractions.
Yet, at long last, concert promoters have started to do exactly
this. Prime tickets for the recent Rolling
The paper Mr. Tabarrok offered was very interesting
and of considerably different charactor than the piece
that drew my initial protest. Particularly
interesting was the conclusion that the value of all
the parking spaces in the U.S. exceeds--by far!--the
value of all the cars in the U.S. Holy
sometimes the best explanation for why something
isn't done when economics suggests that it should be
done is simply that people don't understand
economics.
I've often wondered if a previously untapped (and
possibly lucrative) avenue in counciling/therapy isn't
'personal optimization.'
