An article in the Economist noted that for the Broadway musical Hamilton, Every time the shows producers
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An article in the Economist noted that for the Broadway musical Hamilton, “Every time the show’s producers release a new block [of tickets] to sell, they immediately get snapped up by ‘ticket bots,’ high-speed ticket-buying software.” The musical’s producer called the ticket bots “computerized cheaters.”
a. How do people earn a profit from using the bots to buy tickets?
b. Is there a strategy the musical’s producer could use to eliminate the profit earned by the ticket bots? If so, why doesn’t he use it?
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a The prices charged by Hamiltons producer are lower than the prices those who operate the ticket ...View the full answer
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