WHAT A GREAT POST! I will be using this one in class. No question. From the "unknown professor" at Financial Rounds.
Financial Rounds: Options Markets For Tickets: "Options Markets For Tickets
Yesterday I wrote that Tickets Are Like IPOs. Now I find out that tickets are optionable. So, like George Costanza, it seems that my two worlds are colliding. Here's an interesting application of markets (and derivatives) in a new setting.
A Chicago company, Sports Reserve, has opened up an options market for tickets to major sporting events. For a fee, you can buy an option (they call them 'Fan Forwards') to purchase a ticket to a sporting event (like the Super Bowl) for a particular team."
Read the rest!