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Whats the ideal arena size and makeup?

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This Post:
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306600.21 in reply to 306600.20
Date: 10/4/2020 8:44:23 AM
Overall Posts Rated:
1919
(112371886)

Someone selling 21k in a normal league game.

But still, good information (generally) to know. Thank you!

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This Post:
11
306600.24 in reply to 306600.22
Date: 10/5/2020 3:34:12 AM
NakamichiDragons
II.3
Overall Posts Rated:
23492349
Second Team:
Little Computer People
This is not just "someone" selling that many in a "normal" game.

I would not generalize from Venomous Scorpions to other teams.


Would be interesting if it is possible to "sell" 25k tickets with lower (lowest) pricing, saturday I had 20,7k (112046761) with 9 / 27 / 117 / 575 (20.000 / 4.450 / 500 / 50).

Last edited by LA-flaterik123 at 10/5/2020 3:36:28 AM

founded in S3 IV.5 (34234) - returned in S28 IV.7
This Post:
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306600.25 in reply to 306600.4
Date: 10/17/2020 12:36:33 AM
Overall Posts Rated:
99
Firstly, thank you for your comments!

Will you please clarify what WR and STH are?

Also, would you mind teaching us how one can calculate marginal revenue of a certain seat type?
(For example, let's think about Lower Tier seats. Say, somebody has 2000 LT seats and their ticket price is set to $40. Cost of building one unit of those seats is also $700. In the last game 1500 of those seats were taken. Is this info enough, or does the manager need to do some elasticity analysis by changing the price of the tickets and see how demand changes?)

This Post:
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306600.26 in reply to 306600.25
Date: 10/17/2020 4:30:18 AM
NakamichiDragons
II.3
Overall Posts Rated:
23492349
Second Team:
Little Computer People
STH = season ticket holders
WR = world rank

founded in S3 IV.5 (34234) - returned in S28 IV.7
This Post:
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306600.28 in reply to 306600.27
Date: 10/17/2020 5:20:17 PM
Overall Posts Rated:
99
Thank you for taking the time and elaborating on this. I understand most of what you said, but there are gray areas in it.
First, how did you know bleacher price should be lowered from $10 to $9 or courtside tickets from $130 to $115 (in order to fill the arena, after the development)? Is there a website or application that gives us that information?
Second, your line of reasoning is based on the assumption that maximal revenue is earned when the arena is filled thoroughly, by tweaking the ticket prices. This may not be true. At least in the real world, depending on elasticity of a good or service, increasing price may increase revenue, even though it hurts demand.

An example:
Price of a certain piece of clothing is set to $10. This has led to a daily demand of 100 customers.
Thus, revenue = 100 pieces * $10 = $1000

An economical analyst suggests increasing the price to $20. This leads to a drop in demand resulting 70 customers per day. However, the revenue increases. Revenue = 70 pieces * $20 = $1400

This implies it may not always be the best to fill the arena by lowering the ticket prices.

Last edited by Earthling Ray at 10/17/2020 5:26:04 PM

This Post:
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306600.29 in reply to 306600.1
Date: 10/18/2020 1:25:32 AM
Overall Posts Rated:
99
What does number of season ticket holders tell us? How does it help us to set the ticket prices?
If one's STH is 750, where do these people sit if all the prices are set to their maximum? Do they all go to the bleachers?

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