concert – British fans are outraged by the way Oasis concert ticket prices were determined. This is called “dynamic pricing”, a process widely used in the UK and accused of excluding the less fortunate by dramatically inflating prices.
The Briton may tolerate frost or rain, but sometimes even he ends up getting indignant. Across the Channel, people are grumbling about the crazy ticket prices for Oasis concerts next year. And more precisely about the system that allowed such amounts: dynamic pricing. It was this system that, when the ticket office opened on Saturday, gave some tickets a testosterone boost, initially listed at 150 pounds (178 euros) and offered at more than 350 (415 euros).
How does it work? The higher the demand, the higher the price. Nothing new on the surface: no one will be surprised by the fact that caviar is expensive given its rarity and the famous “law of supply and demand”. But – and this is the trickery here – the price of sturgeon eggs is set before the start of the holidays. Whereas when Oasis tickets were sold online, the price changed in real time. That’s dynamic pricing. Pretty demonic, right?
An imbalance to the disadvantage of the consumer
Philippe Crevel, economist and founder of the economic research and strategy company Lorello Ecodata, regrets the process: “L(…) - 20minutes
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