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Those may be arguments for why (some) performers and (some people at) ticket agencies don't want scalpers, but empirically, for popular performers, both perform
by harshreality 1y ago
Those may be arguments for why (some) performers and (some people at) ticket agencies don't want scalpers, but empirically, for popular performers, both performers and ticket agencies still set prices lower than the market will bear. They could charge more, but they don't.
Eliminating uncertainty about whether a concert will sell out may be the primary reason.
Net ticket prices might be dictated by the performers and their agents, and the ticket agency might not have the ability to raise prices unilaterally, at least not by enough to stop scalpers.
There's another factor, or side-effect, that might be missed in explaining why an artist or their agent won't set prices higher, even when the artist has a history of having concerts sell out and tickets scalped: scalping is a symptom and sign of scarcity, and scarcity drives interest.
They probably want to set prices as high as possible while still having a high probability that tickets will sell out and make concertgoers panic-buy.
- EGreg 1y agoRead this: https://community.intercoin.app/t/intercoin-applications-auctions-and-price-discovery/2897 https://community.intercoin.app/t/intercoin-applications-auc... This also eliminates uncertainty about whether something will be filled. The uncertainty is only on the side of fans that someine will outbid them for a sold-out concert ticket, and they’ll then get the money back