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> How exactly is scalping "free market"? It is a textbook definition of artificial scarcity. No, artificial scarcity is for things that there could be an unlim

> How exactly is scalping "free market"? It is a textbook definition of artificial scarcity. No, artificial scarcity is for things that there could be an unlimited amount of, but that the seller artificially restricts the supply of. The limit on the number of seats at a concert is real, and scalpers don't change it. > If you want that bad to go to a concert, just post how much you're willing to pay for a ticket on a couple of FB groups. If you're willing to give 2x - 4x the face value, I'm pretty sure someone will be willing to part with their ticket. What's the difference between the person who would sell me a ticket in your example and the scalpers we have today?

bheadmaster 4y ago
> artificial scarcity is for things that there could be an unlimited amount of, but that the seller artificially restricts the supply of Since the "unlimited amount of" anything doesn't exist in the real world, replace the "unlimited" with "sufficient", and the concept of artificial scarcity can be applied to scalping again. If scalpers sell tickets at 4x the face value, they don't need to sell them all to make a profit - they only need to sell more than 25%. All the others can go to waste, and scalpers are still profiting. That's, again, textbook artificial scarcity.
m000 4y ago
> No, artificial scarcity is for things that there could be an unlimited amount of. There's no such thing as "unlimited amount" of anything that involves the physical world. > What's the difference between the person who would sell me a ticket in your example and the scalpers we have today? Everyone involved would be better-off. Except for the scalpers. Simple as that.
- josephcsible 4y ago
  > There's no such thing as "unlimited amount" of anything that involves the physical world. I can believe that. Offhand, I can't think of any examples of artificial scarcity that don't involve digital goods. > Everyone involved would be better-off. Except for the scalpers. Simple as that. I'm saying that the seller in your example is a scalper.
  - m000 4y ago
    > I'm saying that the seller in your example is a scalper. They're not. Intent and quantity are the defining traits of scalpers. If you're buying a single ticket with original intent to use it, you are not a scalper.

bheadmaster 4y ago

> artificial scarcity is for things that there could be an unlimited amount of, but that the seller artificially restricts the supply of Since the "unlimited amount of" anything doesn't exist in the real world, replace the "unlimited" with "sufficient", and the concept of artificial scarcity can be applied to scalping again. If scalpers sell tickets at 4x the face value, they don't need to sell them all to make a profit - they only need to sell more than 25%. All the others can go to waste, and scalpers are still profiting. That's, again, textbook artificial scarcity.

m000 4y ago

> No, artificial scarcity is for things that there could be an unlimited amount of. There's no such thing as "unlimited amount" of anything that involves the physical world. > What's the difference between the person who would sell me a ticket in your example and the scalpers we have today? Everyone involved would be better-off. Except for the scalpers. Simple as that.

josephcsible 4y ago
> There's no such thing as "unlimited amount" of anything that involves the physical world. I can believe that. Offhand, I can't think of any examples of artificial scarcity that don't involve digital goods. > Everyone involved would be better-off. Except for the scalpers. Simple as that. I'm saying that the seller in your example is a scalper.
- m000 4y ago
  > I'm saying that the seller in your example is a scalper. They're not. Intent and quantity are the defining traits of scalpers. If you're buying a single ticket with original intent to use it, you are not a scalper.