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Because people drop out last minute and might want to take a different friend.
by googlryas 4y ago
Because people drop out last minute and might want to take a different friend.
- kodt 4y agoI’ve been to events that do this and if someone can’t make it tough luck. But it prevents scalping at least. Every system has pros and cons.
- Gigachad 4y agoBetter solution is to just price the tickets higher. Scalpers are only taking advantage of arbitrage. This requires a bit of complex demand estimation up front though.
- iambateman 4y agoThis was the point of the article. Or at least, how to reduce the arbitrage incentive without the complex demand estimation.
- kodt 4y agoThat prices out more fans who can’t afford it though, something that some artists are trying to avoid.
- MichaelZuo 4y agoI don't see why they would outweigh the fans who want to make last minute changes? In any solution there are those who get the short end of the stick.
- googlryas 4y agoA lot of artists don't want to perform in a venue with 20% empty seats
- FateOfNations 4y agoOffer the original purchaser a refund, and then sell the extra tickets at the door.
- dec0dedab0de 4y agoI went to a concert that requires you to match your ticket, but allowed you to sell tickets on a site they control for the face value. I think the buyer has to pay a transaction fee as well. I got the tickets by signing up and they took my credit card, and charged me when I was next in line and someone had tickets for sale. It was pretty neat, though I suspect I lucked out because a bunch of people sold their tickets when they announced vaccines would be required (September 2021).
- bscphil 4y ago"I will sell you this ticket on the marketplace for $facevalue if you will paypal me $500 - $facevalue"
- dec0dedab0de 4y agoThere was no market place. Just fifo queues of people willing to buy tickets, and tickets for sale. that constantly works its way down to atleast one of them being 0. I signed up for the main concert and a few of the after parties, and over the next month I got emails saying I had purchased tickets for the various events.
- bscphil 4y agoIf that's the case then it doesn't solve the problem of wanting to take a different friend, unless there are plenty of tickets available.