|
Re: What to do about inequality?
Quote:
Originally Posted by Adder
If secondary market prices are consistently higher than the primary market, it doesn’t sound much like monopolistic behavior.
|
Um, no. Ultimately, every team is a monopolist as regards its own tickets. If anyone wants to drill down on this, I can point them to the former antitrust lawyer for StubHub. But teams sell lots of tickets at the start of the season, before the team starts playing. If the team does worse than expected, season-ticket holders dump their seats for cheap. If the team does better than expected, there is more demand than inventory. The team would love to run the secondary marketplace so that it can try to keep these secondary sales from competing with its own primary sales, and sometimes it does.
__________________
“It was fortunate that so few men acted according to moral principle, because it was so easy to get principles wrong, and a determined person acting on mistaken principles could really do some damage." - Larissa MacFarquhar
|
