3 ms·
If they sold higher priced tickets, more bands would have incentive to tour. This would make live music more accessible, not less. Right now they're not access
by FeepingCreature 5y ago
If they sold higher priced tickets, more bands would have incentive to tour. This would make live music more accessible, not less.
Right now they're not accessible to everyone, they're accessible to rich people and a lottery of poor people.
- oneeyedpigeon 5y agoHow would higher priced tickets be more accessible to poor people?
- jcbrand 5y agoPricing is the way in which information about supply and demand is conveyed in a decentralized manner in a free market. When prices of a good or service goes up, it incentivises other manufacturers or service providers to produce more of that good or service, which increases supply and puts downward pressure on prices. So to answer your question, higher priced tickets increases supply, which causes lower priced tickets, which benefits poor people. Eventually prices reach a level where supply and demand match and (for example) concerts are as cheap as they can be given their cost and the demand in the market for them (including the demand from poor people). This EconTalk episode on price gouging during a natural disaster was very interesting, and somewhat related to this topic: https://www.econtalk.org/munger-on-price-gouging/ https://www.econtalk.org/munger-on-price-gouging/
- dmitriid 5y agoThere are literally thousands of concerts, and sporting events, and any other events that people buy tickets to. Guess why people still go to Sziget or Woodstock. Also guess why it's impossible to just click your fingers and pull an unlimited number of Woodstocks out of thin air.
- jcbrand 5y agoI'm not sure what you're trying to say. The fact that there is a limited number of Woodstocks is irrelevant. There are other organizers and bands who can also offer concerts, and at a reduced price compared to the premium that something like Woodstock would demand. That's competition, and it puts downward pressure on concert prices in general, thereby helping people on a tight budget.
- dmitriid 5y agoThere are already thousands of concerts doing that. And yet Woodstock is still there with their prices. Why do you think that is?
- happymellon 5y agoBlockchain solves none of this.
- happymellon 5y agoAs I said, I do not think you understand art. Hundreds of shitty ape pictures that anyone has access to view has not changed the price of entry to the Louvre. You do not reduce the price for one form of art by having other artists available. They are all different, and people will want to see one and not another.