Michael Giberson It’s been a while since we’ve commented on the secondary market for sports event tickets. Partly, I think, the practice has become legal and common in most circumstances and the on-line markets make the practice more transparent. What was once a seemingly repugnant transaction has been normalized. Or, at least, it is becoming … More Stubhub and Major League Baseball
Michael Giberson David Harrington has an article in the new issue of Regulation on the consequences of state repeal of laws that put caps on ticket resale prices: “Uncapping Ticket Markets.” Harrington used StubHub data to compare NHL ticket resale prices in states that repealed price caps on resales to prices in states that hadn’t … More Uncapping Prices in Secondary Ticket Markets
Michael Giberson Ticket scalping, like price gouging, is a usually pro-social market activity that is stuck with a pejorative name. At Swifter, Higher, sportswriter Kyle Whelliston writes about his experience picking up a cheap ticket into the first hockey game of the Vancouver Olympics. It wasn’t as easy as he hoped, but at a cost … More Tickets into the Olympics
Michael Giberson Al Roth at Market Design, “Reserving spaces in crowded places,” notes that authorities are cracking down on the illegal practice of reserving prayer spaces and renting them out to worshipers. He quotes from the Saudi Gazette: “It is forbidden to reserve places in the mosques, unless the person has left for urgent reasons … More No Market Allowed for Desired Prayer Spaces
Michael Giberson Al Roth at Market Design, directs our attention to The Ticket Economist: Grownup economists recognize that there’s a place for secondary markets, but I wonder if a convention of ticket re-sellers doesn’t have something of the flavor of a sex-workers’ conference, in the sense that the participants are engaged in an industry that … More Who Likes Ticket Scalpers?