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Post by gascloud on Nov 19, 2023 19:16:28 GMT
The theory is taught very binary in that you can pretty much get away with putting up prices indefinitely on an inelastic good when in reality there is shades of grey. Technically football tickets are very much inelastic in that we can increase prices without too much recrimination but that doesn’t mean that we can indefinitely do so and we can’t get away with charging premier league prices unless we find ourselves in the premier league. And even then we’d never reach the ceiling of the globally known clubs found in London and the North West. On the flip side didn’t Bradford (who had a far bigger capacity than was ever likely to get used in League Two) reduce their prices to increase attendances, which in turn will have increased revenue through food and drink sales? Spot on. I think City do something very similar with kids tickets if purchased with full paying adult. More seats will give us that flexibility in pricing for season tickets. If we had 16000 capacity in a few years we would be looking at securing 10,000 in season tickets I would imagine.
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Post by titchthephot on Nov 19, 2023 19:22:16 GMT
I once suggested that all primary school kids (and under) should get in for free....as long as they are with an adult. The youngsters would then hopefully be Gasheads for life and then once they reach eleven years old will have to pay. I still think this would work.
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Post by gasify on Nov 19, 2023 19:33:20 GMT
When someone talks about the law of supply and demand, what they are talking about is price elasticity. As the price increases then the demand should decrease. However, there are some things that don't follow this behaviour. They are said to be price inelastic. So when the price goes up, the demand stays the same. Football is price inelastic, it doesn't really follow that if you increase prices you will lose demand. The theory is taught very binary in that you can pretty much get away with putting up prices indefinitely on an inelastic good when in reality there is shades of grey. Technically football tickets are very much inelastic in that we can increase prices without too much recrimination but that doesn’t mean that we can indefinitely do so and we can’t get away with charging premier league prices unless we find ourselves in the premier league. And even then we’d never reach the ceiling of the globally known clubs found in London and the North West. Look, don't start bringing real world issues into economics. Economic theory is just that, a theory (ceteris paribus). The main point is that we don't make our decisions about going to see Rovers based on price. We base it on our feelings. That is the very reason why we still follow our side when they get relegated. Can anyone remember a time when we got relegated (so a lower quality product) and the prices got reduced? I don't, but still kept going to watch the lower quality product and paying the same price.
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Post by gasify on Nov 19, 2023 19:37:51 GMT
The theory is taught very binary in that you can pretty much get away with putting up prices indefinitely on an inelastic good when in reality there is shades of grey. Technically football tickets are very much inelastic in that we can increase prices without too much recrimination but that doesn’t mean that we can indefinitely do so and we can’t get away with charging premier league prices unless we find ourselves in the premier league. And even then we’d never reach the ceiling of the globally known clubs found in London and the North West. Surely the other issue is the club will be increasing the number of seats, at present it's a struggle to get a seat but if in future there's 10,000 seats you could probably get one quite easily for most games. Did anyone struggle to get a seat with the South Stand tent? As a Thatchers person, I have no idea as to whether seats were easy or difficult to get prior to that stand being removed.
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Post by gasify on Nov 19, 2023 19:40:36 GMT
Surely the other issue is the club will be increasing the number of seats, at present it's a struggle to get a seat but if in future there's 10,000 seats you could probably get one quite easily for most games. True. But there's probably a decent chunk of supporters staying away because there's a shortage of decent seating in the stadium. And whilst there's plenty in the south end - I can't be alone in preferring to be in the middle of the pitch as although I technically don't have that poor eyesight I can't see the other end of the pitch from behind the goals! There's probably a decent amount who'd rather take a seat if there was better supply of seats at certain points in the ground that suited them. That is an interesting theory. Basically, you are saying "If we build it, they will come"?
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Post by yattongas on Nov 19, 2023 19:52:35 GMT
The theory is taught very binary in that you can pretty much get away with putting up prices indefinitely on an inelastic good when in reality there is shades of grey. Technically football tickets are very much inelastic in that we can increase prices without too much recrimination but that doesn’t mean that we can indefinitely do so and we can’t get away with charging premier league prices unless we find ourselves in the premier league. And even then we’d never reach the ceiling of the globally known clubs found in London and the North West. Look, don't start bringing real world issues into economics. Economic theory is just that, a theory (ceteris paribus). The main point is that we don't make our decisions about going to see Rovers based on price. We base it on our feelings. That is the very reason why we still follow our side when they get relegated. Can anyone remember a time when we got relegated (so a lower quality product) and the prices got reduced? I don't, but still kept going to watch the lower quality product and paying the same price. Didn’t we hold prices when we got relegated? So with inflation that was effectively a price reduction.
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Post by Topper Gas on Nov 19, 2023 19:57:51 GMT
Surely the other issue is the club will be increasing the number of seats, at present it's a struggle to get a seat but if in future there's 10,000 seats you could probably get one quite easily for most games. Did anyone struggle to get a seat with the South Stand tent? As a Thatchers person, I have no idea as to whether seats were easy or difficult to get prior to that stand being removed. Seats always usually sell out first, if we played a well supported side you don't even got the option of buying a seat in the South Stand, the SW stand seemed to be sold out for most games last season.
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Post by gasify on Nov 19, 2023 20:17:32 GMT
Look, don't start bringing real world issues into economics. Economic theory is just that, a theory (ceteris paribus). The main point is that we don't make our decisions about going to see Rovers based on price. We base it on our feelings. That is the very reason why we still follow our side when they get relegated. Can anyone remember a time when we got relegated (so a lower quality product) and the prices got reduced? I don't, but still kept going to watch the lower quality product and paying the same price. Didn’t we hold prices when we got relegated? So with inflation that was effectively a price reduction. Inflation didn't exist in those days.
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Post by yattongas on Nov 19, 2023 20:18:19 GMT
Didn’t we hold prices when we got relegated? So with inflation that was effectively a price reduction. Inflation didn't exist in those days. Ok 👍
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Post by gasify on Nov 19, 2023 20:21:00 GMT
Did anyone struggle to get a seat with the South Stand tent? As a Thatchers person, I have no idea as to whether seats were easy or difficult to get prior to that stand being removed. Seats always usually sell out first, if we played a well supported side you don't even got the option of buying a seat in the South Stand, the SW stand seemed to be sold out for most games last season. I can understand when we play the bigger sides in the league, they bring more fans and we give them more stand space. I am surprised that last season it was difficult to get tickets. There always looks like there is spaces available from the Thatchers end.
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Post by Gaswood on Nov 19, 2023 20:22:38 GMT
Seats always usually sell out first, if we played a well supported side you don't even got the option of buying a seat in the South Stand, the SW stand seemed to be sold out for most games last season. I can understand when we play the bigger sides in the league, they bring more fans and we give them more stand space. I am surprised that last season it was difficult to get tickets. There always looks like there is spaces available from the Thatchers end. It’s because they tended to only put them on sale very late after away team returns or lack of sales, etc.
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Post by gingerandwhitegas on Nov 19, 2023 20:36:54 GMT
Inelastic? Excuse poor education but what does that mean? When someone talks about the law of supply and demand, what they are talking about is price elasticity. As the price increases then the demand should decrease. However, there are some things that don't follow this behaviour. They are said to be price inelastic. So when the price goes up, the demand stays the same. Football is price inelastic, it doesn't really follow that if you increase prices you will lose demand. Look no further than your local petrol station or supermarket for price inelastic
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Post by gasify on Nov 19, 2023 20:47:25 GMT
Inflation didn't exist in those days. Ok 👍 It was a joke as inflation back in 2021 isn't anywhere near the post Liz Truss level of inflation. Just googling for ticket prices and this is what I found: Season 19/20 was stopped due to the Pandemic and Thatchers season ticket was £285. Season 20/21 was the relegation season and the Thatchers ticket was £285. Season 21/22 was the promotion season in league 2 and the season ticket was £315 Season 22/23 was back in league 1 and season ticket was £339 I've always taken advantage of the early bird price. So it looks like my season ticket increased from £285 to £315 when we were in a lower league.
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Post by gingerandwhitegas on Nov 19, 2023 20:53:23 GMT
It was a joke as inflation back in 2021 isn't anywhere near the post Liz Truss level of inflation. Just googling for ticket prices and this is what I found: Season 19/20 was stopped due to the Pandemic and Thatchers season ticket was £285. Season 20/21 was the relegation season and the Thatchers ticket was £285. Season 21/22 was the promotion season in league 2 and the season ticket was £315 Season 22/23 was back in league 1 and season ticket was £339 I've always taken advantage of the early bird price. So it looks like my season ticket increased from £285 to £315 when we were in a lower league. Liz Truss , the name rings a bell , but no , just cant put a face to her
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Post by Gasshole on Nov 19, 2023 21:21:26 GMT
Plenty of people getting wet at the Rugby during Fridays monsoon. Didn’t seem to be an issue.
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Post by ricardo on Nov 19, 2023 21:47:05 GMT
When we move onto the North end options are more limited - the only option is surely to demolish and build one big high stand similar to that which got planning approval in the late 1990’s. Plenty of space behind to build some quite sizeable bars and hospitality rooms. which approval was this?
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Post by bravosierraseven on Nov 19, 2023 22:15:33 GMT
When we move onto the North end options are more limited - the only option is surely to demolish and build one big high stand similar to that which got planning approval in the late 1990’s. Plenty of space behind to build some quite sizeable bars and hospitality rooms. which approval was this? bristolroversmemorabilia.weebly.com/the-mem-redevelopment.html
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Post by ricardo on Nov 19, 2023 22:20:34 GMT
Was aware of this one that was withdrawn in the mid noughties, didn’t think there was a previous one.
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Post by bravosierraseven on Nov 19, 2023 22:22:55 GMT
Was aware of this one that was withdrawn in the mid noughties, didn’t think there was a previous one.
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Post by gasandelectricity on Nov 20, 2023 0:26:21 GMT
The theory is taught very binary in that you can pretty much get away with putting up prices indefinitely on an inelastic good when in reality there is shades of grey. Technically football tickets are very much inelastic in that we can increase prices without too much recrimination but that doesn’t mean that we can indefinitely do so and we can’t get away with charging premier league prices unless we find ourselves in the premier league. And even then we’d never reach the ceiling of the globally known clubs found in London and the North West. Look, don't start bringing real world issues into economics. Economic theory is just that, a theory (ceteris paribus). The main point is that we don't make our decisions about going to see Rovers based on price. We base it on our feelings. That is the very reason why we still follow our side when they get relegated. Can anyone remember a time when we got relegated (so a lower quality product) and the prices got reduced? I don't, but still kept going to watch the lower quality product and paying the same price. You bought up the economic theory! If theory didn’t relate to reality then the government wouldn’t bother hiring economists to help formulate policy nor businesses hire the thousands upon thousands of individuals who’d spent time studying economics degrees - resulting in it being one of the most rewarding degrees out there. And I should know as I was once one of them 🙂 even if I have forgotten a lot of it! Reality is we can’t endlessly raise prices. Price elasticity for football tickets in practice is not a linear relationship. Yeah it’s probably less than one (thus technically inelastic) but there will come a point where increases in price will result in a reduction of revenue. If not the club would price tickets higher (as the equilibrium point on the supply and demand curve would be at a higher point) However I will grant you that there is an element of equity in our pricing and the club has seemingly avoided passing on increases in costs over the years. Either way I think the club prices tickets pretty fairly. Away tickets are almost always higher and often significantly so. Even if the facilities are better.
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