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Ok, but that’s an arbitrary middleman creating artificial scarcity without permission from the seller. 1. That’s viagogo making $100 without directly providing
by noahtallen 4y ago
Ok, but that’s an arbitrary middleman creating artificial scarcity without permission from the seller.
1. That’s viagogo making $100 without directly providing value, and while creating artificial (e.g. non-free) market conditions.
2. The concert sells out anyways because the scalper buys everything. So it’s not like the scalper is improving availability in general.
3. The artist should be getting most of the profit from ticket sales and even resales.
4. The artist should be allowed to forbid resale of tickets if they want them to be affordable.
And finally, the market is not “solving” a problem here. The same number of people attend either way, so the same amount of non-monetary value is being received no matter what. The only difference is “can a rich person get themselves to the front of a line?” Why would that be valuable in general for the market?
- zajio1am 4y ago> The same number of people attend either way, so the same amount of non-monetary value is being received no matter what. Well, no. Different people have different preferences, therefore assigning tickets to ones that prefer them most would create most non-monetary value.