3 ms·
Most of their fans aren't going to the show at all. Demand far outstrips supply. In effect the number of less wealthy fans who can get into a show is a lottery
by nickelpro 3y ago
Most of their fans aren't going to the show at all. Demand far outstrips supply.
In effect the number of less wealthy fans who can get into a show is a lottery. Ideally you would do just that, lottery off some tickets at affordable rates and sell the rest at market rate.
But the market has adjusted to that too and re-sellers dominate such lotteries. If you offer the opportunity for arbitrage, the market will take advantage of that opportunity.
So just sell at market rate, cut out the re-sellers entirely.
- bombcar 3y agoIt’s a perfect case for market segmentation - cheaper “less desirable” tickets that are NOT transferable (eg., tied to ID somehow, I could see them being cryptographically tied to a Apple Pay account, for example) and more expensive transferable tickets designed to soak the rich.