We are economic beings, and much of our own economics happens between our ears
Picture your favourite artist or band, performing your favourite song, live on stage. Now, how much more would you be prepared to pay for actually being there, rather than watching a video of the concert? If you are like most people, market prices will tell us the answer. Almost everyone will pay a lot more for a ticket to see a live performance, than to buy (let alone see) a recording — often ten or even twentyfold. Nothing unusual about this. But would you also be prepared to pay more to see the live concert, projected onto a cinema screen than for a movie of the concert?/.../
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