ticket scalping is bad and we should find some sort of fully distributed market mechanism that makes scalping approach impossible without requiring the ticket seller to capture the value. it ought to be possible to gift value to end customers rather than requiring the richest to be the ones who get the benefit, how can that be achieved?
it ought to be possible to gift value to end customers rather than requiring the richest to be the ones who get the benefit, how can that be achieved?
The simple mechanism is:
Charge market prices (auction or just figure out the equilibrium price normally)
Redistribute the income uniformly to some group. Aka UBI.
Of course, you could make the UBI be to (e.g.) Taylor Swift fans in particular, but this is hardly a principled approach to redistribution.
Separately, musicians (and other performers) might want to subsidize tickets for extremely hard core fans because these fans add value to the event (by being enthusiastic). For this, the main difficulty is that it’s hard to cheaply determine if someone is a hard core fan. (In principle, being prepared to buy tickets before they run out could be an OK proxy for this, but it fails in practice, at least for buying tickets online.)
ticket scalping is bad and we should find some sort of fully distributed market mechanism that makes scalping approach impossible without requiring the ticket seller to capture the value. it ought to be possible to gift value to end customers rather than requiring the richest to be the ones who get the benefit, how can that be achieved?
The simple mechanism is:
Charge market prices (auction or just figure out the equilibrium price normally)
Redistribute the income uniformly to some group. Aka UBI.
Of course, you could make the UBI be to (e.g.) Taylor Swift fans in particular, but this is hardly a principled approach to redistribution.
Separately, musicians (and other performers) might want to subsidize tickets for extremely hard core fans because these fans add value to the event (by being enthusiastic). For this, the main difficulty is that it’s hard to cheaply determine if someone is a hard core fan. (In principle, being prepared to buy tickets before they run out could be an OK proxy for this, but it fails in practice, at least for buying tickets online.)
More discussion is in this old planet money episode.