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They just walk the frontier of price-time preferences. And time preference is just the same as any other preference. For people with high time preference and lo
by renewiltord 3y ago
They just walk the frontier of price-time preferences. And time preference is just the same as any other preference. For people with high time preference and low price sensitivity, scalpers are good. If tickets were auctioned it wouldn't be a problem. For Electric Forest you get an early line if you've been before, which you could turn into either a separate auction or a discount.
Scalpers that corner the market can do things that are bad for everyone but them, of course, but till they have pricing power they provide utility to buyers.
- sottol 3y agoDo they though when they have armies of bots snatching up released tranches within seconds? Not saying this always happens but it's also not as simple as "people are comfy and thus pay more later". With profits/volume comes "professionalization" (aka "scale") and the regular Joe gets left behind because they're just in it for one ticket and not thousand(s?).
- JumpCrisscross 3y ago> the regular Joe gets left behind because they're just in it for one ticket I'm surprised neither Spotify nor Apple has attempted to launch a TicketMaster competitor (or alliance). We have the technology to distribute tickets to listeners first.
- robertlagrant 3y agoI might be wrong, but I think either you create a two-tier music industry, where Apple Music subscribers can get to concerts first, or you allow anyone to book, at which point you have the same problem Ticketmaster does.
- JumpCrisscross 3y ago> you create a two-tier music industry, where Apple Music subscribers can get to concerts first, or you allow anyone to book You release based on listening history and e.g. merch purchases. If you limit early release to accounts tied to a personal credit card, you'll limit the scalpers' scale.
- robertlagrant 3y agoIs that the two-tier option?