3 ms·
Sure, it perfectly sets the market clearing price at all times, but it has the inefficiency that the performer can end up with only a fraction of the total amou
by xp84 2y ago
Sure, it perfectly sets the market clearing price at all times, but it has the inefficiency that the performer can end up with only a fraction of the total amount the attendees are willing to pay. All those middlemen add value not in a way that feels fair, like collecting a percentage fee. Rather, they get all the upside whenever popular shows sell out. I can see why artists don't like that.