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Does Ticketmaster not amplify prices and use perceived scarcity to drive up prices? They can due that because Live Nation is a monopoly in all but name.
by goolz 5mo ago
Does Ticketmaster not amplify prices and use perceived scarcity to drive up prices? They can due that because Live Nation is a monopoly in all but name.
- cortesoft 5mo agoIf the tickets still sell out at the higher prices, than it is real scarcity, not artificial scarcity. Each show has a set number of seats... it isn't an artificial monopoly, it is an intrinsic monopoly. People don't want to just go to A concert, they want to go to a SPECIFIC concert, and a concert venue only holds a set amount of people.
- pelotron 5mo agoThen they build new stadiums that are physically larger but have fewer seats.