return2ozma@lemmy.world to News@lemmy.world · 1 day agoLive Nation’s CEO thinks concert tickets are “underpriced”www.thefader.comexternal-linkmessage-square50fedilinkarrow-up1302arrow-down14
arrow-up1298arrow-down1external-linkLive Nation’s CEO thinks concert tickets are “underpriced”www.thefader.comreturn2ozma@lemmy.world to News@lemmy.world · 1 day agomessage-square50fedilink
minus-squarewolfpack86@lemmy.worldlinkfedilinkarrow-up3arrow-down1·18 hours agoFrom a purely economics standpoint, when scalpers are able to sell at a higher price, yes they are underpriced. But doing so limits access to cultural events to only those that can afford them.
minus-squarefodor@lemmy.ziplinkfedilinkarrow-up2·10 hours agoNot true. Economic models typically assume competition exists. This is a monopoly, so the models don’t actually work here.
minus-squareHugeNerd@lemmy.calinkfedilinkarrow-up1·13 hours ago“Cultural” like the bacterial culture between my toes, maybe.
From a purely economics standpoint, when scalpers are able to sell at a higher price, yes they are underpriced.
But doing so limits access to cultural events to only those that can afford them.
Not true. Economic models typically assume competition exists. This is a monopoly, so the models don’t actually work here.
“Cultural” like the bacterial culture between my toes, maybe.