View Single Post
Old
05-15-2013, 02:01 PM
  #117
Halibut
Registered User
 
Join Date: Jul 2010
Posts: 3,059
vCash: 500
Quote:
Originally Posted by worraps View Post
This really isn't as complicated as you think it is. For example:

I am willing to pay $250 to go to an Oilers' game in a new arena. I don't really care whose pockets that $250 ends up in: Katz's or the City's. I just want to exchange no more than $250 for a ticket to an Oilers' game in a new arena. For the sake of argument let's assume everyone else has the same demand curve as me.
The bolded is obviously not true as people have shown. If you want to go to an Oilers game just like if you want to smoke or drink or put gas in your car you will pay the price and grumble about it but for the most part you will still go.

So what isnt complicated is the fact that it isnt really impacting Katz's bottom line except theoretically.

Halibut is offline