Skip to content

Ticket Scalping Essaytyper

Allegations that tickets to recent AFL and NRL finals matches were being resold for up to three times their initial price raises questions of why ticket scalping happens, and whether anything can be done about it.

To an economist, the existence of a secondary market - where tickets are resold - is a sign that they have been undersupplied, underpriced or a combination of the two.

Event promoters, for example, are incentivised to sell as many tickets as possible so they can profit off sales of food, drinks and other concession stand items. This leads them to price tickets low.

Scalpers thrive off such conditions as it presents them with an arbitrage opportunity (the chance to make a profit from buying and selling the same thing) that would never have existed in a world where tickets were plentiful and priced in line with demand.


Read more: Coming soon to a cinema near you? Ticket prices shaped by demand


Online reselling platforms also put upward pressure on prices by making tickets easier to re-sell, while simultaneously allowing ticketing companies to double dip on commissions and booking fees. The Australian Competition and Consumer Commission is taking ticket re-seller Viagogo to the Federal Court, alleging the company engaged in deceptive pricing.

While some Australian states have introduced legislation to limit the amount that tickets can be resold for, promoters and policymakers are struggling to keep up with advances in technology that make scalping tickets easier than ever.

Why is there scalping?

The continued existence of scalping and resale markets is puzzling to economists. If tickets to major events are consistently undervalued, to the point that there is an entire industry based on resale, why do promoters continue to price tickets so low?

One argument is that event promoters are risk averse, preferring the certainty of a guaranteed sell-out over the uncertainty of potentially over-valuing tickets.

This fits with research that suggests people prefer to attend events in a packed-out venue, as opposed to a sparsely attended one. This incentivises event promoters to sell out venues as people’s demand for tickets depends, to some extent, on the demands of others.

There is also the somewhat idealistic idea that fairness stops event promoters from setting prices too high. This is the idea, often voiced in the media, that tickets should end up in the hands of “true fans”.

The pros and cons of scalping and reselling

But there is an argument that ticket scalping actually enhances the total welfare of concert goers and sports fans. Scalpers act to distribute tickets to those who value them the most, or, as economists’ would say, they increase the allocative efficiency of the market.

Secondary markets for tickets allow potential buyers to indicate how much they want to go to the event – their “willingness to pay”. If tickets can only be bought at a single price on a first come first serve basis, then some people who really want to go will be left out. Secondary markets permit these mutually beneficial exchanges to take place.

Online platforms for buying and selling tickets actually increase this allocative efficiency. These platforms arm buyers and sellers with ever increasing amounts of information, and the time and expenses associated with the purchase of each resold ticket (known as “transaction costs”) are greatly reduced.


Read more: London Olympics tickets: will the poor get through the door?


But scalping and secondary ticket markets are not without their downsides. Enterprising scalpers may be encouraged to buy up large proportions of available tickets in order to maximise their profits.

This is called “rent seeking” and has been shown to potentially reduce (or even eliminate) any gains in allocative efficiency.

There is also the issue of fairness, and whether “true fans” will be priced out of going to see their favourite performer or team. And then there is the issue that scalpers take away profits that could have instead accrued to the very artists, entertainers or sporting personalities on show.

Can anything be done about scalping?

As demonstrated by the likes of Taxi competitor Uber (and soon to be found in some Australian cinemas), “pricing bots” can adjust prices in real time based on demand or other consumer characteristics.

Such technology could reduce ticket scalping by putting pricing power in the hands of event promoters. But as previously noted, there is a reluctance to increase prices, and so some artists and groups have begun a series of blunt measures designed to tackle the problem.

Kid Rock, for example, has embarked on a number of “US$20 Best Night Ever” tours. As the name suggests, almost all tickets are sold for US$20 at supermarkets and venue box offices. Making the ticket price clear and transparent up front is a rather neat trick to try and stop tickets from being sold above face value.

Kid Rock also tends to perform many shows at the same venue. This increases the total supply of tickets on offer in a single city, reducing the premium that can be placed on a ticket in the secondary market.


Read more: The economics behind Uber’s new pricing model


The Glastonbury music festival has begun printing pictures of the ticket purchaser on every ticket. This may ensure the purchaser of the ticket and the attendee are the same person. However, the high cost of administering such tight controls make them viable to only the most profitable of events.

A similar system will be in place when former 1-Directioner, Harry Styles, plays Sydney’s Enmore Theatre later this year. Ticket holders will be required to attend a “check-in” before entering the venue.

Meanwhile Taylor Swift has announced that fans can “boost” their place in the virtual ticketing queue by participating in a range of Swift related activities such as watching music videos and purchasing her music.

While Swift’s stated goal of “getting tickets into the hands of fans…NOT scalpers or bots” is admirable, this has been viewed by many as nothing more than an opportunistic cash grab from her most loyal fans.

Measures such as these are more likely to inconvenience ardent ticket scalpers rather than deter them. As long as tickets to major events are being systematically under-priced, scalpers have an incentive to bypass tighter controls and headlinesbemoaning “inflated” prices will continue.

Do you need help with with essay, research paper, homework or even dissertation?

Visit our website - https://goo.gl/HKbmHS (assignmenthelp24.com)

=================>>>CLICK HERE<<<=================

=================>>>CLICK HERE<<<=================

=================>>>CLICK HEREI Need Help Writing My Research Paper <<<=================

=================>>>GET ASSIGNMENT HELP<<<=================

=================>>>GET ASSIGNMENT HELP<<<=================

=================>>>GET ASSIGNMENT HELP<<<=================

crime never pays essaytyper

which is your favourite colour essay

I Need Help Writing My Research Paper free remembering essays

math homework helpers bcpsone

essayer de faire qchem

eu essay contests

multiple sclerosis essay conclusion format

matrix churchill a case study in judicial inquiries synonyms

rabbit proof fence essay summary of plato

land and water management essay goals

industrial revolution thematic essay global history

cultural context how many miles to I Need Help Writing My Research Paper babylon essay

harvard essay examples medical school

opinion essay against euthanasia

old kingdom ancient egypt achievements essay

prappas ethics essay rubric

compare and contrast essays for frankenstein

essay on cognitive development theory

critiquing a speech essay spm

contrast compare essay thesis statement

hellogiggles cover letter

bcsl-033 solved assignment 2014-15 school

cuban missile crisis research paper thesis paper

picnic at hanging rock essay free

vinamrata par essays

essay about mother tongue language

erikson theory essay

essay on role of education in national reconstruction

formal literary essay example

important essays for css

essay essay help

soldi su 7goldhomework

essay on infant sorrow by william blake

catchy titles for smoking essays about education

me2410 week 2 assignment 2

pixmap assignment of mortgage

metrohealth medical center pediatric residency personal statement

dissertation editing services cost

essayer de te reposer in english

arbeitsphasen dissertation abstract

essay on asia cup 2012 pakistan vs bangladesh live stream

critical thinking process in writing

health is important than wealth essays

miami vice movie essay

christophe bardyn montaigne essays

how i do homework scratch mit

green computing research papers 2015 best

essay on biography of sachin tendulkar

love is patient love is kind essay

thematic essay 19th amendment pictures

daylight saving essay

I Need Help Writing My Research Paper need help writing a personal essay for grad

argumentative essay on the glass menagerie

us japan culture comparison essay

assignment expert

lake braddock ss summer assignments thunderbird

artificial intelligence essays

philosophischer essay aufbau violation

cmi 5007 assignment definition

essay on competitiveness

writing a research paper middle school powerpoint topics

e unibus pluram essay

anglo saxon literature essay topic

being your own hero essay assignment

lesson 18 homework eureka math play

cover letter template singapore yahoo

sir lancelot and queen guinevere poem analysis essay

interview with a vampire essay

indian writers in english essay format

how to write an essay introduction high school

a different history poem essay example

extended essay abstract format mla

sample of apa style essay paper

expose wissenschaftliche arbeit beispiel essay

activities practice writing thesis statements

essay about driving safety

mains water supply responsibility assignment

transport advantages and disadvantages essay

improvement in food resources class 9 assignment of lease

travel experience essay sample

kindness pays essay

architecture help writing an essay

uic impromptu essay

identify different types of essays and give characteristics of each

essay practice question sample sat

plagiarism essay test taking

essay on haqooq e niswan in urdu

awa essays gre

shylock victim or villain student essays summary of qualifications

effects of unemployment in nigeria essays

cbm scholarship essays

different forms of literary criticism essay

research paper results and discussion research

essays written on madame bovary

ap synthesis essay template grade

importance of biological science essays

differences between ethnocentrism and cultural relativism essay

food inc review essays

essay writing jobs uk academics

jawahar kala kendra case study

ranajit guha historiography essay

gamescape critical thinking answers to exercises

dumpster diving essay analysis worksheet

essayas woldemariam kasahun

geometry extended essay

tremaine billie essay

division word problems homework

south star drug essay

good dance show titles in essays

freelance essay writer jobs uk academic

the chaser by john collier analysis essay

roger ebert great movie essays

three essays on social networks

shodh yatra essay examples

homework of the week display stands

funny college entry essay example

information technology introduction essay writing

essay competition on br ambedkar image

how to write an award winning essays

art forms of kerala essay examples

4th grade homework policy 5th

joint sponsor cover letter

western asia and egypt timeline assignment

assignment methodology example qualitative

ayat kesimpulan assignments

the easiest argumentative essay topics

compound essay molecular

disaster management essay wikipedia shqip

verbs and adverbs homework sheets

mach operating system case study

subfigure sharelatex bibliography

baressays review journal las vegas

ticket scalping essay writer

attorney cover letter referral by friend

diabetes mellitus case study

essays on mary wollstonecraft

how to live healthily essay checker

asymptotes essay

aseismic pile foundation design analysis I Need Help Writing My Research Paper essay

eritrea and the united nations and other essays on friendship

embroideries satrapi analysis essay

birmingham I Need Help Writing My Research Paper alabama civil rights timeline assignment

boekenweekessay kopeng

hartmut von hentig bildung ein essay zusammenfassung translation

augustine dissertation meaning

daphne du maurier rebecca essays

labour reforms 1945-51 extended essay guide

the role of the teacher essay outline

mr antolini characterization essay

race and the priesthood essay writing