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For those against this: I'm curious to hear your take on how you'd stop/mitigate scalping.
Named tickets, like airplane seats? Sorry, I only thought about this for 5 seconds, but there are markets where scalping doesn't cause issues. We could look at those.
Earlier quoted context omitted.
That’s not a question, that’s just a situation.
The question is how to distribute X in this situation, and I (mistakenly) trusted the reader's intelligence to infer that.
For those against this: I'm curious to hear your take on how you'd stop/mitigate scalping.
Honestly, this could turn out to be a really great thing. When artists become popular, they often complain that the people they are making their music for, their biggest fans, tend to be the people least able to afford the concert tickets. The artists are often totally willing to set aside a chunk of tickets at a much cheaper price, but they need to be able to guarantee that these tickets aren't just purchased by sca…
Auction. Auction is the answer. Or, when a tour is announced, start tickets at 10X the regular price and have it drop down to the regular price over the course of a couple of weeks in a simple time based mechanism. After that, if tickets are not sold out it continues to drop until sold or it hits a reserve price for Door tickets. Good for artists, fair from a market perspective and gets rid of scalpers
You are overlooking the secondary effect — what happens if you, a musician, a person who lives off having a positive public image, becomes known as the kind of musician who uses free market forces to effectively price fans out? Fans will not like it. It is not rational but nothing in music is. You win the pricing battle but lose the PR war. It's bad for your business and the entire business of concerts in the long ru…
I've wondered though... Why not have a non-transferrable ticket system? If you can't go then you return your tickets to the pool and if they sell you get your money back.
Auction. Auction is the answer. Or, when a tour is announced, start tickets at 10X the regular price and have it drop down to the regular price over the course of a couple of weeks in a simple time based mechanism. After that, if tickets are not sold out it continues to drop until sold or it hits a reserve price for Door tickets. Good for artists, fair from a market perspective and gets rid of scalpers
The live music experience would be terrible if only the richest fans can get in. Every crowd would be old and square.
Only the megastars that can command high-priced tickets would attract the old and square, which is okay because the megastars are old and square themselves by the time they've built that old and square audience. The hip and with it music fans have already moved on to seeing the next up-and-comers that play for free.
For those against this: I'm curious to hear your take on how you'd stop/mitigate scalping.
Auction. Auction is the answer. Or, when a tour is announced, start tickets at 10X the regular price and have it drop down to the regular price over the course of a couple of weeks in a simple time based mechanism. After that, if tickets are not sold out it continues to drop until sold or it hits a reserve price for Door tickets. Good for artists, fair from a market perspective and gets rid of scalpers
Bad for fans,
just because you can pick a solution that can extract the most amount of money from the thing, doesn't mean you're required to do so, (nor are you required to suggest it.)