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Nominal News's avatar

Also one of the better metaphors for inflation.

Greg's avatar

I love the discussion of negative externalities, but it seems like that's not important to most Americans these days (see air pollution, traffic, smoking, non-vaccination, etc.).

Instead, how does standing at sporting events look through the lens of supply/demand? As long as we keep filing up the stadiums, owners aren't incentivized to penalize standing. The best seat is in my living room with a big-screen TV, cheap snacks, and a pause button on the DVR so I can go to the bathroom without missing a play. The owners would rather me buy a ticket, and a $20 beer, but they're filling up the stadium (high demand) so no need to adjust policies!

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