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So, in order for me to feel happy about the artist's keeping-it-real credentials I have to give up the freedom to resell my ticket? No thanks. Seats at perfor
by wtbob 10y ago
So, in order for me to feel happy about the artist's keeping-it-real credentials I have to give up the freedom to resell my ticket? No thanks.
Seats at performances are scarce resources. We have an efficient and fair mechanism for allocating scarce resources: the market. Raise ticket prices to the market-clear price and be done with it.
- chongli 10y agoMaking the tickets non-transferable changes the offer. The market still applies, it merely reduces the value of the ticket and brings it closer into line with the price. Charging market rates for the tickets means some popular events will go for thousands of dollars. Artists don't want their fan demographics to get skewed by that.
- jessaustin 10y agoWhy not? We've already learned that they make most of their money from concerts. Why not cultivate a wealthy fanbase to attend expensive concerts?
- chongli 10y agoBecause, past a certain point, recording artists usually care more about other issues besides money. Having your loyal fanbase of screaming, ecstatic teenage girls replaced by a bunch of rich old men in suits sounds like a real buzzkill to me.
- tamana 10y agoThey can (and usually do!) pay those girls to attend in the front section. The market is great brcause it has general mechanisms to solve all these problems: everyone pays for what they want.