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They don't increase demand. They only increase prices because they buy in a matter of minutes ALL of the supply. Then the only way to get a ticket is through th
by m000 4y ago
They don't increase demand. They only increase prices because they buy in a matter of minutes ALL of the supply. Then the only way to get a ticket is through the scalpers.
And OFC, they will charge you way ABOVE what would be the free market price of the ticket, i.e. the amount you would have to offer to find an individual willing to sell you their ticket, if the direct sales ended up to fans instead of the scalpers.
- orangecat 4y agoAnd OFC, they will charge you way ABOVE what would be the free market price of the ticket They charge exactly the free market price of the ticket, which does not necessarily have any relationship to the face price. i.e. the amount you would have to offer to find an individual willing to sell you their ticket, if the direct sales ended up to fans instead of the scalpers. This doesn't make sense. If you had a magical way of allocating tickets to the people who genuinely most wanted to attend, the price you'd pay to get one of those people to sell you their ticket would be even higher.
- googlryas 4y agoHow exactly do they charge more than the free market price of the ticket? No one would buy their tickets if they charged an amount that was more than anyone was willing to pay. And scalpers are very incentivized to not sit on unsold tickets, since they are pure loss.