The Eclectic Econoclast on Posner and Price Elasticity

The eclectic econoclast recently posted two good stories. A first story is related to Judge Posner (useless to recall Posner's enormous contribution to antitrust law, and more generally to Law & Economics) and comments on an article that was published in the Columbia Journalism Review. A second story analyses the price elasticity of demand for theatre tickets. The market for theatre tickets illustrates that, under certain circumstances, the best commercial response of a firm facing stagnant and limited revenues may be ....... to increase its prices.

Comments

[pk]

RE: price elasticity of demand for theatre tickets -- now I understand why the price of some books on EC competition law has risen ...