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The market for concert tickets currently starts out "influenced" by the fact that the face value (for popular acts) is well below the market-clearing price. And
by listenallyall 4y ago
The market for concert tickets currently starts out "influenced" by the fact that the face value (for popular acts) is well below the market-clearing price. And people hate this system, because it attracts resellers who naturally see an easy profit opportunity, these resellers aggressively obtain the majority of all tickets through a variety of back channels, leaving very few actually available to be purchased at the face value. And, because keeping face value below market-clearing price means there is more demand than supply, this system, for various reasons, led to a single company monopolizing the sale of tickets and charging massive, unavoidable fees, which people hate even more.
If we actually were letting tickets be un-influenced, they would be sold via some kind of auction or like an IPO.
The point is not that you can't influence the market, it's that the market is simply a natural phenomenon that will strongly resist every attempt at diminishing it with counter-effects that may be unpopular, unwanted, unfair and unintended.