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In lugnet.market.shopping, John Heins writes:
> Before the execution proceeds, a different pov. Isn't this simply a form or
> arbitrage - where a buyer takes advantage of a localized oversupply or
> pricing anomaly and resells the product at a price closer to what is the
> "global market price"?
YES. In fact even the scalper of tickets performs a service. I'm sorry, but
I don't have time to play games with Ticketmaster, waiting in line for
armbands to determine where in a ticket line I end up in, which determines
my shot at a block of seats in the Ticketmaster computer, and so forth. I'm
happy to pay over face value for tickets to the person who does.
Jurisdictions that outlaw scalping are evil or misguided, as they are
deliberately distorting natural market forces for their own twisted or
confused reasons.
<snipped the other bits I agree with>
FUT .debate
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Message has 1 Reply:
 | | Re: FOTY, at least for me.
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| (...) There was recently a flap in the paper here about scalping. NC State has a new policy banning resale of tickets on their property which upset people like season ticket holders or just folks who showed up for a game and one person wasn't able (...) (23 years ago, 19-Jan-02, to lugnet.off-topic.debate)
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Message is in Reply To:
| | Re: FOTY, at least for me.
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| Before the execution proceeds, a different pov. Isn't this simply a form or arbitrage - where a buyer takes advantage of a localized oversupply or pricing anomaly and resells the product at a price closer to what is the "global market price"? (...) (23 years ago, 19-Jan-02, to lugnet.market.shopping)
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