BuzzerBeater Forums

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?)

STH = season ticket holders
WR = world rank

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

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?

Not just that, there Is a certain number of fans that are willing to pay till 24$ for LT more or less 5000 in your case, but there are other that are willing to pay maybe 20$ so that second group didnt buy LT and they Will buy bleachers instead at 12$ in your case

Lowering LT till 20$ you Will sell LT ti this group of fans

So probably you cant reach 10k LT cause there arent enough fans willing to pay 20$ at the moment

Last edited by Camy at 10/24/2020 4:01:33 AM

when dealing with large arena consider using tv station level 3, it helps, i can confirm
also consider having a superior PR. advanced does not really cut it.


on a separate note, I have xperimenting w arenas over past 4 seasons. not jsut mine but encouraging local users to do so as well, implicitly gathering more data.


while i agree there is a corelation between how LT and BL are filled, even on my best day, with all the optimisation, 100% positive fan survey, in div 2 i've never seen someone gain more than 400k or 410k$ for one regular seaons game.
the point is, in D2 i think there is a global cap.

in D1 i am not necessarily sure if such a cap exists. most i ve gotten was 603k, granted wth the help of promotion fan boost

now with no fan boost but with all the positive variables i am earning around 560k$.