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> The sorts of people who put on public entertainment in size-limited venues are generally left-leaning and do not like the idea of their audience consisting so

> The sorts of people who put on public entertainment in size-limited venues are generally left-leaning and do not like the idea of their audience consisting solely of very rich people. You're completely exposing a bias here. First, public entertainment is by definition always going to be in a size-limited venue unless somehow different parts of matter start to be able to occupy the same space at the same time. Secondly, instead of immediately invoking politics, consider than the artists/talent generally prefer enthusiastic fans of their work over people who would look at the ticket as more of a prestige item: something to impress a prospective client with or just buying a ticket to be seen at some high profile event where you care more about putting pics up on instagram rather than actually appreciating the performance. The artists generally value an enthusiastic response and sincere appreciation of their work and you're shoehorning politics into a discussion that has nothing to do with it. Consider than humans are not rational, profit maximizing automatons and do place a nebulous, complex value on things that can not be transferred into currency. Everyone has some things in this world that they consider priceless.

zigzigzag 10y ago
It's your bias showing here, not mine! Mispricing tickets doesn't guarantee people will be "enthusiastic", quite the opposite. You're more likely to get people who see if they can get a ticket just to avoid being bored on a Saturday and not out of any particular love of the artist - such people are just as likely to win out in an environment where ticket allocation is basically random, which is what happens when tickets are priced below demand. If prices rose, yes you'd get some vanity purchasers, but you'd also allocate tickets towards the genuinely deeply enthusiastic fans who are willing to express that enthusiasm with money. By "public entertainment" I was including things like talent shows on TV where the audience size is unlimited.

zigzigzag 10y ago

It's your bias showing here, not mine! Mispricing tickets doesn't guarantee people will be "enthusiastic", quite the opposite. You're more likely to get people who see if they can get a ticket just to avoid being bored on a Saturday and not out of any particular love of the artist - such people are just as likely to win out in an environment where ticket allocation is basically random, which is what happens when tickets are priced below demand. If prices rose, yes you'd get some vanity purchasers, but you'd also allocate tickets towards the genuinely deeply enthusiastic fans who are willing to express that enthusiasm with money. By "public entertainment" I was including things like talent shows on TV where the audience size is unlimited.