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Comment by onion2k

Starting at $2000 for a concert where demand outstrips supply to the point where people will pay $4000 to a ticket scalper just means the minimum ticket price will be $2000. All the tickets will still sell out immediately. The audience will be entirely made up of wealthy people, or people who are willing to break the bank to see Taylor sing.

The only "fair" way to sell a good that's in high demand and you want everyone to have the same level of access regardless of their background is a lottery. Tell people what the price is, let them apply for tickets, and sell to people at random. Scalping can be stopped by not allowing people to transfer tickets to other people - people should get a refund in full and their tickets get resold to other people in the lottery if someone changes their mind.

The obvious problem with the lottery approach is that it entirely fails to maximize profit.

Personally, if I was selling tickets, I'd just not sell them "fairly". Accept that tickets are a luxury item, like Ferraris.

parent onion2k 4 years ago

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