Slowing an upward march, the price of Super Bowl ads remained high as did their demand and probable return on a massive investment.
Rather than objecting to some very high Springsteen ticket prices, fans should recognize the economic ideas that justify them.
Hershey kisses and COPEC might be like petroleum and OPEC if the Ivory Coast and Ghana are able to elevate cocoa bean prices.
Our week’s everyday economics include inflation, supply and demand, income mobility, property rights, incentives, default, CDS, and monopoly pricing.
Because of monopoly pricing power, as a price maker with sole Super Bowl broadcast rights, NBC can charge $4.5 million for a 30 second ad slot.
Because the college textbook market is a monopoly for each book in which the instructor selects the books and students buy it, prices have skyrocketed.
From SeatGeek: January, 2013 $500-$2500 is the face value range for 2014 Super Bowl tickets. By contrast, in 1967, the least expensive box office ticket to the first Super Bowl would have cost you $6. Using an inflation calculator, I…
In an ad for the (Super Bowl) ad, Stephen Colbert talks about Wonderful Pistachios. http://www.youtube.com/watch?v=oKAG7UJ-NWk Fox said its Super Bowl TV ad inventory (estimated at 65 spots) for the game is sold out. According to Ad Age, that inventory included…