#hidden-markets

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#price-controls #market-allocation #scarcity-economics #ticketmaster-monopoly #excess-demand
fromFortune
6 days ago

Bidding for a Taylor Swift ticket or to cut the line at DisneyWorld? Maybe you're in a 'hidden market' | Fortune

The reason it's a hidden market is because there is excess demand given the price that is being charged. When the price of something scarce—concert tickets, Saturday night tables, theme park rides—is set far below what the market would naturally bear, the scarcity doesn't disappear. It just moves sideways, into queues, lotteries, intermediaries, and perks—into hiding, in other words.
Business intelligence
Business
fromFast Company
5 months ago

You control hidden markets at work-it's time to start acting like it

Hidden markets allocate scarce nonpriced resources using rules designed to achieve efficiency, equity, and ease.
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