Taylor Swift fans in North America may seem irrational to some people for paying thousands of dollars for tickets to her concerts. But the recent behavior of thousands of North American fans exhibits a rational streak after all. Some fans have discovered that it is less expensive to fly to Europe, see Swift perform in a place such as Stockholm, and thus have a mini-vacation in a foreign country than to pay the ticket prices here at home. Much greater utility at a lower overall price is a tradeoff that classical economists can respect.
ans are following Taylor Swift to Europe after finding Eras Tour tickets less costly there