3 ms·

Ticket Scalpers - my favourite example of rent-seeking

• thegrimmest 5y ago
  Aren't ticket scalpers enabled by artificially low ticket prices?
  • edoceo 5y ago
    Sorta. But their real m/o ("value add") is they aggressively purchase the "fruit" (best seats) which pushes out regular market-price buyers. Then hold. Then sell at 5x to 120x list price. Its a game, similar to equities but perishable. Their only real service is standing in line in front of you to corner and add pressure.