Friday, July 18, 2008

Sold Out an EmptyTheater

I saw the movie Dark Knight today. (In addition to being a great action movie, it has lessons about Buchanan's constitutional political economy, Tullock on the Social Dilemma, Schelling's Strategy of Conflict, non-cooperative game theory, and even hints of Vernon Smith's reciprocity theories.)

I had purchased tickets last night for the 11:30am showing today. We were meeting some friends there who hadn't purchased tickets yet. Unfortunately for my friends, the showing was sold out. Yet, the theater was not even half-way full during the entire movie. What's the deal?

My guess is that theaters have a deal to sell tickets to online ticketing companies (or they just buy them) and people didn't happen to buy those tickets from the online websites. Does anyone know if something like this goes on?


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