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Something about this doesn't seem right. Isn't ticket scalping just a symptom of some deeper issue? I'm not a US-resident or a concert goer. But based on the g
by spangry 10y ago
Something about this doesn't seem right.
Isn't ticket scalping just a symptom of some deeper issue? I'm not a US-resident or a concert goer. But based on the gripes I've read, isn't scalping just a natural consequence of the market dominance of a supply-restricting monopolist (one that engages in borderline abusive consumer practices)?
- barmpot 10y agoI agree, it smells like monkeypants to me
- cheald 10y agoScalping is just arbitrage. The core issue is that the retail price of the tickets is lower than the market price, which is probably high because the supply is limited (and probably artificially so by Ticketmaster et al).
- benchaney 10y agoThis isn't really the whole story. It is only profitable to scalp if prices are kept artificially low by the original vendor. Usually this is because the want to be able to claim they sell out more frequently than they would under regular conditions. If the original vendor optimizes for profit, the problem disappears.
- Tempest1981 10y agoWhich leads to the next problem: teenagers can no longer afford to see a concert. They take out their frustration on the artist.