Abstract:
The paper presents the case of a Dutch theatre facing the problem of revising the range of seat categories, and of setting the ticket prices on the basis of sales records and of consumer demand. Demand was analysed through interviews aiming at finding out consumer perceptions of seats characteristics. "Visibility", "acoustics", "sitting comfort" and "surrounding space" were identified as the main attributes. Their j.n.d.'s were analysed according to Weber-Fechner law. As a result of the study, the number of seat categories was reduced from 9 to 3, and prices were rearranged according to research results and company policy.
This could also be of interest:
Research Papers
Pricing beyond the 'Homo Oeconomicus'
Catalogue: Congress 2010: The Changing Face Of Market Research
Author: Florian Bauer
Company: IRIS Network
September 15, 2010
Research Papers
Integrated pricing strategy
Catalogue: Asia Pacific 2020 - Insights Festival
Author: Arvind Sainath
Company: Diageo
November 2, 2020
Research Papers
Pharmaceutical pricing
Catalogue: EphMRA/ESOMAR Seminar 1991: 1993 And Beyond
Authors: Diana Grose, Alan J. Bowditch
 
June 15, 1991
