학술논문

Determinants of ticket prices in the secondary ticket market and the effects of COVID-19: empirical evidence from NBA ticket price data analytics
Document Type
Journal
Source
Sport, Business and Management: An International Journal, 2023, Vol. 13, Issue 4, pp. 489-505.
Subject
research-article
Research paper
cat-MSOP
Management science & operations
Management science/operations research
Decision sciences
Strategy
Corporate governance
Corporate ownership
Tourism & hospitality
Sport
recreation & leisure
Demand for sport
Arena capacity
Pandemic
Ticket price
Secondary ticket market
Language
English
ISSN
2042-678X
Abstract
PurposeScholars note there are limited studies analyzing ticket price determinants. Using the common seat approach, the authors sought to advance this line of research by analyzing determinants of National Basketball Association (NBA) ticket prices in the secondary ticket market. The authors’ research seeks to ask two questions. The first is how ticket prices in the secondary market are associated with common determinants of consumer demand. The second question is what impact the COVID-19 pandemic has on ticket prices in the secondary market.Design/methodology/approachTicket prices of NBA regular season games in the 2021–2022 season were collected a week before the game day from Ticketmaster.com. A regression model was estimated with a group of independent variables: income, population, consumer preference, quality of viewing, quality of contest and pandemic (the number of COVID-19 cases).FindingsResults indicate income, population, consumer preferences (e.g. team quality and star players) and quality of viewing (e.g. arena age and weekend) impact prices. Further, the number of COVID-19 cases did reduce the ticket price.Originality/valueThe present study illuminates the theoretical significance of analyzing ticket prices as a proxy of demand in professional sport, while providing practical implications regarding the potential opportunity to increase revenue.