Advances in Economics, Management and Political Sciences
- The Open Access Proceedings Series for Conferences
Proceedings of the 7th International Conference on Economic Management and Green Development
Series Vol. 28 , 10 November 2023
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A Game Theory Explanation of the High Ticket Price in Scenic Spots
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Abstract
Recently, the ticket price of domestic tourist attractions has continued to rise, which causes a hot debate in society. Compared with the international average, the ticket prices of some tourist attractions in China have reached or exceeded some developed countries. This paper points out that in different scenic spots their products are different. On this basis, it gives a monopoly competition model based on game theory, which can be used to explain the high ticket prices of scenic spots and other high prices, and can provide references for relevant departments to formulate countermeasures. The purpose of this paper is to point out that scenic spot products are differential monopoly products. By introducing the idea of game theory, it is demonstrated that the characteristics of differential monopoly may automatically lead to a complete monopoly price in scenic spots, resulting in social welfare losses. This model can explain the high ticket prices in China and the fact that some scenic spots are still planning to raise prices.
Keywords
differentiated products, monopoly competition, game theory, ticket price of the scenic spot
References
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Data Availability
The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.
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- Volume Title
- Proceedings of the 7th International Conference on Economic Management and Green Development
- ISBN (Print)
- 978-1-83558-077-6
- ISBN (Online)
- 978-1-83558-078-3
- Published Date
- 10 November 2023
- Series
- Advances in Economics, Management and Political Sciences
- ISSN (Print)
- 2754-1169
- ISSN (Online)
- 2754-1177
- DOI
- 10.54254/2754-1169/28/20231306
- Copyright
- 10 November 2023
- Open Access
- This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited