[cctop]

Stanford Football tickets are Veblen goods?

No, Veblen goods are ones where demand increases with price.

I'm not talking about demand as much as engagement and follow through.

How many times have you had tickets to a show but when you got home from work you were just too tired and would have skipped it if you hadn't already paid for the tickets?  If you'd gotten the tickets free, you'd have no problem sitting on your couch that evening.

In fact I did that exact thing last week.  Stanford hosted an evening in San Francisco to introduce new president Marc Tessier-Lavigne.  I signed up for tickets a few months ago but by the time the evening rolled around I went to pick up my kid from basketball practice rather than make my wife do it.  You can bet that if they'd charged a nominal amount for the ticket ($10-15) there would be much fewer people signing up but a much higher turnout percentage.

[cctop]

Stanford Football tickets are Veblen goods?

No, Veblen goods are ones where demand increases with price.

I'm not talking about demand as much as engagement and follow through.

How many times have you had tickets to a show but when you got home from work you were just too tired and would have skipped it if you hadn't already paid for the tickets?  If you'd gotten the tickets free, you'd have no problem sitting on your couch that evening.

In fact I did that exact thing last week.  Stanford hosted an evening in San Francisco to introduce new president Marc Tessier-Lavigne.  I signed up for tickets a few months ago but by the time the evening rolled around I went to pick up my kid from basketball practice rather than make my wife do it.  You can bet that if they'd charged a nominal amount for the ticket ($10-15) there would be much fewer people signing up but a much higher turnout percentage.