caa a22 4500 477078176 CHVBK 20180405111443.0 cr unu---uuuuu 170330e19961001xx s 000 0 eng 10.1007/BF00114280 doi (NATIONALLICENCE)springer-10.1007/BF00114280 "Bru-u-u-uce": The simple economics of mob goods [Elektronische Daten] [Allan De Serpa, Roger Faith] This paper provides a pure economic rationale for chronic excess demand for tickets to events like rock concerts. The model focuses on "mob goods", which are consumed jointly with crowd reaction, or "noise". Whereas the primary commodity is provided by the seller, the joint product is provided collectively by buyers. If propensities to make noise are inversely correlated with reservation prices and a capacity constraint applies, excess demand (queuing) is a necessary condition for profit maximization. One important implication is that anti-scalping laws may be welfare-increasing. The paper explores other applications in professional sports, restaurants, and on-stage theatre. Kluwer Academic Publishers, 1996 De Serpa Allan Arizona State University, 85287, Tempe, AZ, USA aut Faith Roger Arizona State University, 85287, Tempe, AZ, USA aut Public Choice Kluwer Academic Publishers; http://www.wkap.nl 89/1-2(1996-10-01), 77-91 0048-5829 89:1-2<77 1996 89 11127 https://doi.org/10.1007/BF00114280 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/BF00114280 text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- De Serpa Allan Arizona State University, 85287, Tempe, AZ, USA aut NATIONALLICENCE 700 1- Faith Roger Arizona State University, 85287, Tempe, AZ, USA aut NATIONALLICENCE 773 0- Public Choice Kluwer Academic Publishers; http://www.wkap.nl 89/1-2(1996-10-01), 77-91 0048-5829 89:1-2<77 1996 89 11127 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer