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re: The worst thing the LSU Ath Dept has ever done...
Posted on 9/12/11 at 7:27 am to tritiger
Posted on 9/12/11 at 7:27 am to tritiger
Obviously, LSU has priced the parking spaces incorrectly. At $40 the demand is less than the supply. At $0, free parking, the demand exceeds the supply. The answer to maximizing revenue is somewhere in between. How much are you willing to pay?
1
Posted on 9/12/11 at 3:56 pm to Poodlebrain
quote:
Obviously, LSU has priced the parking spaces incorrectly. At $40 the demand is less than the supply. At $0, free parking, the demand exceeds the supply. The answer to maximizing revenue is somewhere in between. How much are you willing to pay?
Unfortunately, this is one of the best posts in the thread but economics isn't this country's strong suit.
Judging a parking lot for the NW ST as the capacity you will experience throughout the other 5 home games is ludicrous. Moreover, nothing says that full capacity results in the maximized gross revenue. The marginal revenue could actually turn negative as quantity increases (and price decreases).
Pay the extra $240 to park and have the campus look clean.
This post was edited on 9/12/11 at 3:57 pm
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