Research Article
Innovative Service Model of Science and Technology Finance in China
Ximei Li,
Zixuan Liang,
Tony Haotong Li,
Fuji Yu,
Ximei Li,
Chiming Wei*
Issue:
Volume 9, Issue 4, December 2024
Pages:
124-127
Received:
1 June 2022
Accepted:
5 October 2022
Published:
18 October 2024
Abstract: This investigation analyses the financial dependence of the transformation of scientific and technological achievements, the effective connection between scientific and technological resources and financial resources, the development of emerging industries, the upgrade of technological levels and the optimization of industrial structures, and the financial support required for technological innovation and R&D of high-tech enterprises as well as small and medium-sized technological enterprises. It is pointed out that the improvement of financial products, the innovation of capital markets and the application of internet finance are the operational basis of the innovation service mode of science and technology finance. Correspondingly, the upper level design at the policy level provides the basis for the development of the appropriate service model of technological and financial innovation.
Abstract: This investigation analyses the financial dependence of the transformation of scientific and technological achievements, the effective connection between scientific and technological resources and financial resources, the development of emerging industries, the upgrade of technological levels and the optimization of industrial structures, and the f...
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Case Report
Ticketmaster's Monopoly Undermines Fair Competition in Live Entertainment Ticketing
Archita Ruby Arun*
Issue:
Volume 9, Issue 4, December 2024
Pages:
128-133
Received:
9 October 2024
Accepted:
28 October 2024
Published:
13 November 2024
Abstract: This study investigates the monopolistic control exerted by Ticketmaster, a subsidiary of Live Nation Entertainment, within the U.S. live entertainment ticketing industry, where it holds approximately 70-80% of the primary ticketing market and 50-60% of the secondary market as of 2022. Ticketmaster’s 2010 merger with Live Nation significantly bolstered its dominance, creating a vertically integrated entity that controls artist promotion, venue management, and ticket sales, thereby limiting market competition and consumer choice. Through exclusive contracts with major venues, bundled services, and dynamic pricing practices, Ticketmaster effectively stifles alternative ticketing providers and limits consumers’ ability to choose, often resulting in inflated prices and restricted access to popular events. Utilizing a multi-faceted approach that includes market share analysis, antitrust case reviews, consumer testimony, and comparative analyses with countries such as the UK, this paper underscores the challenges posed by Ticketmaster’s market concentration. Quantitative analysis, including the Herfindahl-Hirschman Index (HHI), shows post-merger concentration levels that far exceed thresholds for competitive markets, emphasizing the lack of feasible alternatives for consumers. The Taylor Swift "Eras Tour" ticketing controversy is a case in point, illustrating the consumer impact of Ticketmaster's monopoly through reported price inflation, limited availability, and repeated service failures. The paper concludes by proposing regulatory reforms to break up the Ticketmaster-Live Nation merger, cap dynamic pricing practices, and mandate transparent fee disclosures, aiming to curb anti-competitive practices and enhance consumer protections within the ticketing industry, fostering a fairer and more accessible live entertainment ecosystem.
Abstract: This study investigates the monopolistic control exerted by Ticketmaster, a subsidiary of Live Nation Entertainment, within the U.S. live entertainment ticketing industry, where it holds approximately 70-80% of the primary ticketing market and 50-60% of the secondary market as of 2022. Ticketmaster’s 2010 merger with Live Nation significantly bolst...
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