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Excerpt from The Wall Street Journal -- "In research recently published in Strategic Management Journal, a trio of business-school professors from New York University, Harvard University and the University of Southern California examined the effect that Craigslist had each time it launched in a different local market, from 2003 to 2008. The online-classifieds company is a popular online marketplace for fans looking to buy and resell tickets. They found that after Craigslist launched in a given vicinity, regardless of the market size or geographical location, promoters generally reacted by raising prices along with booking smaller venues or taking other measures to get shows closer to selling out. It is generally more profitable to sell out a venue with fewer seats at higher prices than to sell only a portion of the available tickets at a bigger venue."

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