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An MIT study released in August 2013 found newer, smaller airlines were having a greater impact on lowering the average price of a ticket where they fly. According to an MIT International Center for Air Transportation analysis of ticket statistics, between 2007 and 2012, Southwest's ability to lower fares had weakened from $36 per one-way fare ...
Critics maintain that congestion pricing is not equitable, places an economic burden on neighboring communities, and adversely affects retail businesses and general economic activity. There is a consensus among economists that congestion pricing in crowded transportation networks, and subsequent use of the proceeds to lower other taxes, makes ...
An airfare (otherwise known as a fare) is the fee paid by a passenger for air transport. It consists of the charge for a passenger to fly from an origin to a destination and includes the conditions, rules, and restrictions for travelling on the airfare.
The furor over live event ticketing has focused scrutiny on the economic power of giants like Ticketmaster and Live Nation, which is said to be the subject of a possible antitrust probe by the US ...
U.S. Senators John Cornyn (R-TX), Amy Klobuchar (D-MN), Marsha Blackburn (R-TN), Ben Ray Luján (D-NM), Roger Wicker (R-MS), and Peter Welch (D-VT) have introduced the Fans First Act, which would ...
A bipartisan group of U.S. senators introduced legislation Friday aimed at correcting flaws in the ticketing industry and increasing transparency for patrons of live events.. The bill, called the ...
Ticket resale (also known as ticket scalping or ticket touting when done for profit) is the act of reselling tickets for admission to events. Tickets are bought from licensed sellers and then sold for a price determined by the individual or company in possession of the tickets.
In common usage, as in accounting usage, cost typically does not refer to implicit costs and instead only refers to direct monetary costs. The economics term profit relies on the economic meaning of the term for cost. While in common usage, profit refers to earnings minus accounting cost, economists mean earnings minus economic cost or ...