>If tickets were sold at $1, you'd certainly see A LOT more scalping going on, wouldn't you? Not necessarily - you're discounting the effectiveness of anti-sca

>If tickets were sold at $1, you'd certainly see A LOT more scalping going on, wouldn't you? Not necessarily - you're discounting the effectiveness of anti-scalping measures. (And moreover, scalpers are always incentivised to scalp as many tickets as possible, because they are then put in the situation of controlling the market price with reduced supply, so that they can jack up prices). If in fact anti-scalping works effectively, then the market price of the ticket in a fair auction can be completely independent of the original price it was sold at. If demand is high enough, you can even have people who can only buy tickets because of the fixed price - if even 20% of customers are willing and able to pay far above the retail price for a ticket, they would in an auction snap up all the tickets, because PAX is oversubscribed by 5-to-1.