7 pointsby rkhleung6 hours ago2 comments
  • jazz9k5 hours ago
    This will ensure companies like Ticketmaster have a complete monopoly over the market.

    Does anyone study basic economics anymore?

    • maerF0x05 hours ago
      What economic principles predict that outcome?
    • Cpoll5 hours ago
      I didn't. Can I get the name/quick explanation of the effect?
      • rkhleung4 minutes ago
        There is no such effect. As for a basic economic lesson on thinking about this policy: For all the major events that are sold out, many consumers pay more then the face value of the ticket (and sometime much much more). All this "surplus" over face value is money that is divided up between the venue, the artist and ticketmaster. Now this money stays with the consumer. For those shows that are not sold out, you can resell on the secondary marketplace for up to the face value. It removes the incentives for scalpers, and for ticketmaster to manipulate the market.
  • 6 hours ago
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