4 ms·
Scalping 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
by cheald 10y ago
Scalping 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.