@jasemurphy #Swiftonomics in action.

#Swiftonomics is suddenly a thing? Augusta Saraiva uses it in this Bloomberg piece (via the LA Times) about Ticketmaster. A derivation of #Rockonomics from Alan B. Krueger. Quite the kicker at the end:

...said [Melissa] Kearney, the Swiftie-parent economist. "I'm more inclined to read into it that for the die-hard Taylor Swift fans — of which there are many — the demand for tickets is nearly inelastic." https://www.latimes.com/business/story/2022-11-23/what-taylor-swift-reveals-about-us-economy
#TaylorSwift #TaylorSwiftTheErasTour #Ticketmaster