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The Economics of Scarcity: Should IU build Cignetti-Ville?

BradStevens
(@bradstevens)
Famed Member

Or another reason to both mock and respect Duke:

https://www.econtalk.org/the-economics-of-scarcity-and-the-unc-duke-basketball-game-with-michael-munger/

With a transcript (click the link)!!

Duke University leaves millions of dollars on the table every year by giving away free tickets to the most sought-after game in college basketball. The bizarre ticket allocation system includes weeks of camping in tents, a 58-question trivia exam, border guards with air horns at 3 AM, and a 50-page student-written constitution with its own appeals court. In this special 20th-anniversary episode, EconTalk's Russ Roberts and returning favorite Michael Munger (appearance #51!) use the legendary Duke-UNC rivalry to explore the fundamental economics question: how do you deal with a world when there isn't enough of something to go around? Along the way, they ask why a university that squeezes students on every other margin, might deliberately forgo a fortune on ticket sales. The answer has everything to do with community, belonging, and the same psychology that bonds fighter pilots and elite military units.


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Topic starter Posted : 03/16/2026 5:59 pm
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Goat
 Goat
(@goat)
Famed Member

I only read half of it so far, but I'll get to the rest eventually. Very interesting.


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Posted : 03/16/2026 6:33 pm
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hooky
(@hooky)
Noble Member

I tried listening while making dinner.  I made it about 30 minutes, stopped the audio and then skipped to the end of the transcript.  Makes sense and would have made sense with a 5 minute narrative.  The stupid joke about the king and daughter lasted longer than the entire podcast needed to last and he never finished it.


Hope is not optimism, which expects things to turn out well, but something rooted in the conviction that there is good worth working for. - Seamus Heaney, Irish poet and likely Hoosier basketball fan.
POTFB

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Posted : 03/16/2026 7:56 pm
BradStevens
(@bradstevens)
Famed Member

Posted by: @hooky

I tried listening while making dinner.  I made it about 30 minutes, stopped the audio and then skipped to the end of the transcript.  Makes sense and would have made sense with a 5 minute narrative.  The stupid joke about the king and daughter lasted longer than the entire podcast needed to last and he never finished it.

I agree that was bad. But I enjoy listening to him talk, especially with this guy. 

So no appetite for copying this for student football tix given how in demand they are going to be?  Smile

 


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Topic starter Posted : 03/16/2026 8:20 pm
Zeke4ahs
(@zeke4ahs)
Noble Member

@bradstevens I think we screw the students enough and we absolutely need them for the atmosphere. It was a crime how many students couldn’t get tickets to the playoffs.


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Posted : 03/16/2026 11:33 pm
hooky
(@hooky)
Noble Member

Posted by: @bradstevens

Posted by: @hooky

I tried listening while making dinner.  I made it about 30 minutes, stopped the audio and then skipped to the end of the transcript.  Makes sense and would have made sense with a 5 minute narrative.  The stupid joke about the king and daughter lasted longer than the entire podcast needed to last and he never finished it.

I agree that was bad. But I enjoy listening to him talk, especially with this guy. 

So no appetite for copying this for student football tix given how in demand they are going to be?  Smile

 

The trivia tests would be brutal to write and to take if it stretched back more than 24 months 

 


Hope is not optimism, which expects things to turn out well, but something rooted in the conviction that there is good worth working for. - Seamus Heaney, Irish poet and likely Hoosier basketball fan.
POTFB

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Posted : 03/17/2026 12:24 am
CO. Hoosier
(@co-hoosier)
Noble Member

Posted by: @bradstevens

Along the way, they ask why a university that squeezes students on every other margin, might deliberately forgo a fortune on ticket sales. The answer has everything to do with community, belonging, and the same psychology that bonds fighter pilots and elite military units.

The student camp out for a limited number of free  student season tickets to DU  men’s hockey fits your point.

https://www.9news.com/video/sports/hundreds-of-university-of-denver-students-camp-out-for-free-mens-hockey-season-tickets/73-f1ed2406-e3fa-4536-bf2c-0ed7f61dcc8d

When I was at IU, the scarcity was fans, not tickets.  I never saw a new memorial stadium more than half full.  


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Posted : 03/17/2026 2:08 am
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Zeke4ahs
(@zeke4ahs)
Noble Member

@co-hoosier You really need to come back for a game. You wouldn’t believe the atmosphere for a big game now.


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Posted : 03/17/2026 3:55 pm
CO. Hoosier
(@co-hoosier)
Noble Member

@zeke4ahs 

I’d love to. Last game I saw was in 2016. My sources for tickets have since passed. 


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Posted : 03/17/2026 5:15 pm
Goat
 Goat
(@goat)
Famed Member

Posted by: @co-hoosier

@zeke4ahs 

I’d love to. Last game I saw was in 2016. My sources for tickets have since passed. 

We should pick a home game this season to have a Water Cooler reunion at.

 


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Posted : 03/17/2026 5:24 pm
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BradStevens
(@bradstevens)
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Posted by: @hooky

Posted by: @bradstevens

Posted by: @hooky

I tried listening while making dinner.  I made it about 30 minutes, stopped the audio and then skipped to the end of the transcript.  Makes sense and would have made sense with a 5 minute narrative.  The stupid joke about the king and daughter lasted longer than the entire podcast needed to last and he never finished it.

I agree that was bad. But I enjoy listening to him talk, especially with this guy. 

So no appetite for copying this for student football tix given how in demand they are going to be?  Smile

 

The trivia tests would be brutal to write and to take if it stretched back more than 24 months 

 

It'd be awesome:

#24.  Who was the leading rusher for the 1997-98 Hoosiers?

#25. What was the score of the 1990 IU v. Michigan game (I got on TV for that one with a banner for Keith Jackson)?

 


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Topic starter Posted : 03/17/2026 8:29 pm
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hooky
(@hooky)
Noble Member

Posted by: @bradstevens

#24.  Who was the leading rusher for the 1997-98 Hoosiers?

Trick question, 97 and 98 were two different seasons for IUFB.  Didn't the 97 team win 1 conf game?  Cameron....

 

I don't remember the score, but I remember it was a 3 or 4 score beating and Greene was benched in favor of Chris "They're all cocksuckers" Dyer.

 

See how brutal that would be?


Hope is not optimism, which expects things to turn out well, but something rooted in the conviction that there is good worth working for. - Seamus Heaney, Irish poet and likely Hoosier basketball fan.
POTFB

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Posted : 03/17/2026 8:45 pm
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Mrhighlife's avatar
(@mrhighlife)
Honorable Member

Posted by: @co-hoosier

@zeke4ahs 

I’d love to. Last game I saw was in 2016. My sources for tickets have since passed. 

Tickets aren't necessarily hard to get but they cost a lot more now. 😂 And yeah if you haven't been to a game in the Cig era you'll be blown away. Id advise anyone to get back for a game if they are able. 

 


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Posted : 03/17/2026 8:53 pm
UncleMark
(@unclemark)
Famed Member

Posted by: @mrhighlife

Posted by: @co-hoosier

@zeke4ahs 

I’d love to. Last game I saw was in 2016. My sources for tickets have since passed. 

Tickets aren't necessarily hard to get but they cost a lot more now. 😂 And yeah if you haven't been to a game in the Cig era you'll be blown away. Id advise anyone to get back for a game if they are able. 

Game day experience is great, of course, but just sitting inside the stadium after the SEZ was completed gives it a complete different feel. The NEZ made a helluva difference, but with the SEZ (for all its faults) completing the enclosure it finally feels like a big time football stadium.  

 


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Posted : 03/17/2026 9:03 pm
Zeke4ahs
(@zeke4ahs)
Noble Member

@goat I have season tickets so any time. I’d suggest a conference game but not Ohio State or Purdue. Those tickets will be really hard.


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Posted : 03/17/2026 9:23 pm
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