251–260 of 363 posts
Then, we act surprised when “hackers” somehow are able to defeat the anti-bot systems and resell (with another set of fees) bulk quantities of tickets on said resale marketplace.
While this might maximise the amount of money the organisers get for an event it doesn't handle variable fixed costs. That is I might need no capital at all to run my tour if I sell tickets at a highish (but sub-optimal) price early on.
What are the variable "fixed" costs? And when are they incurred? This is about revenue maximization, not user enjoyment maximization or fairness maximization. Ultimately I don't think most artists actually want revenue maximization - they're probably far more interested in fairness maximization in ensuring their fan base of all economic strata get to see them live.
There should also be an option to automatically place a bid once the price reaches a certain level.
That’s the most fair way to auction off a bunch of identical things.
Another modification I would add to this is that let’s say 20% of the tickets should be sold for very cheap using a lottery system. So that not only the richest people could go to the concert.
Earlier quoted context omitted.
* Link your Spotify and see that the listening history for the artist goes back a while. * Require names on tickets and verify them at the door. Then for fan checking see if they’ve been to shows in the same scene.
And what of fans that don't use a streaming service but buys their music instead?
Why not have a big closed auction? Everyone has a week or so to submit how much they are willing to pay for a ticket. Once the auction closes, sort by price and take the number of seats available. Everyone pays the minimum price that still fits in the seats available. I'm imagining a large scale Vickery auction, sorry if I'm not explaining super well. Everyone pays the same, but people get a price they think is fair.
In that sense you could chose the system that fits you the most. I personally think that selling tickets via auction is indesirable for other reasons.
The process needs to be modified slightly. Everyone should end up paying the same amount for the ticket in the end. Those who bought early should not be penalized. When the the last ticket is sold, everyone should pay the same price as the last ticket. So when you buy early, you are just indicating the Maximum price you are willing to pay. There should also be an option to automatically place a bid once the price rea…
The process needs to be modified slightly. Everyone should end up paying the same amount for the ticket in the end. Those who bought early should not be penalized. When the the last ticket is sold, everyone should pay the same price as the last ticket. So when you buy early, you are just indicating the Maximum price you are willing to pay. There should also be an option to automatically place a bid once the price rea…
Earlier quoted context omitted.
Because sports teams and singers need broad audience interest to maintain their brand’s popularity, which can drive things like merchandise sales, future concerts, music streaming, etc. If they simply sold to the highest bidders, the populace at large will stop being fans and they will move onto the next entertainer. In the short term, you might make a little extra from richer people, but longer term you will fall ou…
This argument makes no sense. A stadium excludes the same number of fans regardless of your selection criteria.
Creating hunger games in the ticket buying process doesn’t change that
Earlier quoted context omitted.
It’s really easy in many European countries to prevent identity abuse. In Finland there is a system called “strong authentication” where you log in with your bank. It’s directly tied to your social security number and banks do a very strict job of identifying you in person before you open your accounts. It works and I’ve not heard of anyone gaming this system. It’s used by the banks themselves, the government, tax of…
Lotteries aren't fair.