Tuesday, May 31, 2011

Two Good questions from Carpe Diem

The answer is of course not.  The other examples are ones where it is in the interest of powerful businesses to promote the high value of their products, therefore they don't ban the selling at above market prices.  By contrast, with a perishable product like a game or a concert, it is in the interests of the the business to sell more tickets even if many won't be used - therefore they need to eliminate the profits of the secondary market.

Give the state the power to 'regulate' markets and you usually just give powerful commercial interests the ability to regulate them to benefit themselves....

1. If ticket scalping laws that make it illegal to sell a ticket to a concert or sporting event above face value are a good idea, shouldn't selling a coin, bond, car, or house above face value, sticker price or list price also be illegal as well?  If not, why not?  

2. Name the main arguments in favor of selling a coin, bond, car or house above face value/list price.  Aren't all of them equally good arguments for allowing people to sell tickets above face value?

Hattip Carpe Diem

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