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Because the whole business of scalpers is exploiting the difference between the list price and the price people are willing to pay. If this gap didn't exist sca
by kevincox 1y ago
Because the whole business of scalpers is exploiting the difference between the list price and the price people are willing to pay. If this gap didn't exist scalping wouldn't be profitable.
(As far as this article as discussing. They also serve some use for reselling tickets when you meant to go but can't but this doesn't have any more downsides)
- deleted 1y ago[deleted]
- layer8 1y agoYes, but what do you think is the reason why they are not doing what you argue they should do?
- nothrabannosir 1y agoBecause there is a perverse incentive for performers to lean into scalping: selling out quickly is a mark of success. NPR's "Planet Money" had an episode a while back that covered exactly this. Not all artists lean into it of course, and it's usually not the actual artists anyway but labels, producers, etc. In that same episode they covered how LiveNation owns both TicketMaster and many venues themselves, and leverage access to the venues for power in the ticketing market. It may have been this one but I'm not 100%: https://www.npr.org/sections/money/2013/06/25/195641030/episode-468-kid-rock-vs-the-scalpers https://www.npr.org/sections/money/2013/06/25/195641030/epis...