[BD] Fw: Tour 0 - The Price

[Daniel Dui]

Since we are talking econ...

Jazz is perfectly right. Here we are in a situation of inelastic demand (http://en.wikipedia.org/wiki/Price_elasticity_of_demand). It would take a massive increase in the tournament fee to force a team not to enter a tour event.

E.g.: If you think that breakfast cereals at Sainsbury's are too expensive, you can go to Tesco. Or you can buy less cereals.

If you think that Tour N is too expensive what do you do? You, can't play 5 games instead of 6 and ask for a 17% fee reduction and you can't enter a cheaper tour elsewhere, so you'll either not enter the tournament or whine, pay up and play.

The UKUA does not necessarily need to get any money from the tournament organisers. I think its primary function should be to guarantee the quality of an event. Good fields, food nearby, etc.

Roger, as an economist, I am sure you know that taxing the supplier (the tournament organiser) or the consumer (the teams) often makes little difference. In this case, because the demand is very inelastic, if a tournament organiser had to pay £20 per team to UKUA, he would raise the team fee by £20. So even if it is the tournament organiser that hands the money to the UKUA, the players are actually paying. If the UKUA needs more money, they can just raise the membership fee slightly and keep accounting simple.

To be honest, it's not good for an economist to be called Bear. Can I call you Bull?

-daniel
(aka Pasta)
Revolution 76


----- Original Message ----
From: Roger Thomson <roger at backspin.co.uk>
To: Jazz Frisbee <jazzfrisbee at yahoo.co.uk>; britdisc at ranulf.net
Sent: Friday, February 16, 2007 9:01:59 AM
Subject: RE: [BD] Fw: Tour 0 - The Price


Best email yet on this subject Jazz, especially your closing line -
ROFL, best quip on BD for over 5 years!

As a qualified economist I can tell you that your theory holds water and
your terminology is correct
(http://en.wikipedia.org/wiki/Equilibrium_price).

All the muppets complaining about price have been told season after
season they can bid for Tours - but they don't. Adam is thus FULLY
deserving of the leopardskin seat covers, waxing treatments and other
Welsh Chav accessories he will spend his profit on.

Stevie G made a very valid point that the UKUA should get some of the
profit since the tournaments are run under their brand (and probably
with some of their equipment). Either a flat £20 per team would seem a
fair ballpark figure or you could look at the books and take 25% tax on
profit (although this would cause admin hassle and encourage
overstatement of costs).

See you around
Bear
#1





-----Original Message-----
From: britdisc-bounces at ranulf.net [mailto:britdisc-bounces at ranulf.net]
On Behalf Of Jazz Frisbee
Sent: 15 February 2007 18:26
To: britdisc at ranulf.net
Subject: Re: [BD] Fw: Tour 0 - The Price

It must be that time of year again when we have our annual tournament
pricing debate.

Many people may object, but have any teams ever pulled out or not
entered a tour event because of the price?

If not then the market rate (I think it's called the equilibrium price -
any economists out there?) has not been reached and tournament directors
can quite happily increase their charges secure in the knowledge that
their customers (ultimate teams) will still buy their product. I reckon
that you would probably still fill £300+ open tour events. 

Sadly this would still not be enough to price those damned hippies out
of the game! ;-)

Jazz



        
---------------------------------
New Yahoo! Mail is the ultimate force in competitive emailing. Find out
more at the Yahoo! Mail Championships. Plus: play games and win prizes.
__________________________________________________
BritDisc mailing list
BritDisc at ranulf.net
http://fysh.org/cgi-bin/mailman/listinfo/britdisc
Staying informed - http://www.ukultimate.com/informed.asp


__________________________________________________
BritDisc mailing list
BritDisc at ranulf.net
http://fysh.org/cgi-bin/mailman/listinfo/britdisc
Staying informed - http://www.ukultimate.com/informed.asp


 
____________________________________________________________________________________
Be a PS3 game guru.
Get your game face on with the latest PS3 news and previews at Yahoo! Games.
http://videogames.yahoo.com/platform?platform=120121