Since we are talking econ... Jazz is perfectly right. Here we are in a situation of inelastic demand (http://en.wikipedia.org/wiki/Price_elasticity_of_demand). It would take a massive increase in the tournament fee to force a team not to enter a tour event.
E.g.: If you think that breakfast cereals at Sainsbury's are too expensive, you can go to Tesco. Or you can buy less cereals. If you think that Tour N is too expensive what do you do? You, can't play 5 games instead of 6 and ask for a 17% fee reduction and you can't enter a cheaper tour elsewhere, so you'll either not enter the tournament or whine, pay up and play. The UKUA does not necessarily need to get any money from the tournament organisers. I think its primary function should be to guarantee the quality of an event. Good fields, food nearby, etc. Roger, as an economist, I am sure you know that taxing the supplier (the tournament organiser) or the consumer (the teams) often makes little difference. In this case, because the demand is very inelastic, if a tournament organiser had to pay £20 per team to UKUA, he would raise the team fee by £20. So even if it is the tournament organiser that hands the money to the UKUA, the players are actually paying. If the UKUA needs more money, they can just raise the membership fee slightly and keep accounting simple. To be honest, it's not good for an economist to be called Bear. Can I call you Bull? -daniel (aka Pasta) Revolution 76 ----- Original Message ---- From: Roger Thomson <[EMAIL PROTECTED]> To: Jazz Frisbee <[EMAIL PROTECTED]>; [email protected] Sent: Friday, February 16, 2007 9:01:59 AM Subject: RE: [BD] Fw: Tour 0 - The Price Best email yet on this subject Jazz, especially your closing line - ROFL, best quip on BD for over 5 years! As a qualified economist I can tell you that your theory holds water and your terminology is correct (http://en.wikipedia.org/wiki/Equilibrium_price). All the muppets complaining about price have been told season after season they can bid for Tours - but they don't. Adam is thus FULLY deserving of the leopardskin seat covers, waxing treatments and other Welsh Chav accessories he will spend his profit on. Stevie G made a very valid point that the UKUA should get some of the profit since the tournaments are run under their brand (and probably with some of their equipment). Either a flat £20 per team would seem a fair ballpark figure or you could look at the books and take 25% tax on profit (although this would cause admin hassle and encourage overstatement of costs). See you around Bear #1 -----Original Message----- From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] On Behalf Of Jazz Frisbee Sent: 15 February 2007 18:26 To: [email protected] Subject: Re: [BD] Fw: Tour 0 - The Price It must be that time of year again when we have our annual tournament pricing debate. Many people may object, but have any teams ever pulled out or not entered a tour event because of the price? If not then the market rate (I think it's called the equilibrium price - any economists out there?) has not been reached and tournament directors can quite happily increase their charges secure in the knowledge that their customers (ultimate teams) will still buy their product. I reckon that you would probably still fill £300+ open tour events. Sadly this would still not be enough to price those damned hippies out of the game! ;-) Jazz --------------------------------- New Yahoo! Mail is the ultimate force in competitive emailing. Find out more at the Yahoo! Mail Championships. Plus: play games and win prizes. __________________________________________________ BritDisc mailing list [email protected] http://fysh.org/cgi-bin/mailman/listinfo/britdisc Staying informed - http://www.ukultimate.com/informed.asp __________________________________________________ BritDisc mailing list [email protected] http://fysh.org/cgi-bin/mailman/listinfo/britdisc Staying informed - http://www.ukultimate.com/informed.asp ____________________________________________________________________________________ Be a PS3 game guru. Get your game face on with the latest PS3 news and previews at Yahoo! Games. http://videogames.yahoo.com/platform?platform=120121 __________________________________________________ BritDisc mailing list [email protected] http://fysh.org/cgi-bin/mailman/listinfo/britdisc Staying informed - http://www.ukultimate.com/informed.asp
