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Do big gigs alter economies? What the Oasis tour reveals about how we spend

By Marcel Lukas, Senior Lecturer in Banking and Finance and Vice-Dean Executive Education, University of St Andrews

When Oasis returned to British stadiums this summer, hotel prices around venues jumped and flights filled fast. Commentators predicted that economic figures could show an “Oasis bump” – and indeed, air fares were the biggest driver of July’s inflation rise to 3.8% from 3.6% in June.

The idea is simple: a sudden wave of visitors meets fixed capacity, so…

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