Subject:
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Re: FOTY, at least for me.
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Newsgroups:
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lugnet.off-topic.debate
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Date:
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Sat, 19 Jan 2002 17:17:14 GMT
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Viewed:
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610 times
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In lugnet.off-topic.debate, Frank Filz writes:
> Larry Pieniazek wrote:
> >
> > 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.
>
> 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 to make it. They clarified that they were
> going after the folks who buy large blocks of tickets, or buy that lone
> ticket from the group of friends for less than face value and then turn
> around and sell it for more than face value.
But you see NC State is wrong. Even those people are doing a service. My
former employer got season ticks to the Pistons one year, and they were more
hapless than usual, winning hardly any important games. So it got to where
the firm was practically begging that people take the ticks rather than have
them go to waste. So I would tell our office manager I'd take them if no one
else would, (never denying them to anyone who actually wanted to go) then
drive up to the Palace and sell them to scalpers 2 hours before game time.
I'd take the money I got and put it in the donut fund.
Those scalpers usually didn't give me much for the ticks... they were paying
for a ticket that they well might not be able to unload in 2 hours when it's
value would evaporate. If they DID unload it they ought to be able to get
the most they could for it, not some artificial limit such as face value.
But it was a win all around, I felt.
So NC State, while within rights to limit activity on their property (if
it's not government owned), is still misguided by interfering in the market.
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Message has 1 Reply:
 | | Re: FOTY, at least for me.
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| (...) Oh, I never said it was a good thing for them to do. I'm not sure how I feel about a government university limiting this particular activity on their property. Obviously it would be better if the university were not government in the first (...) (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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| (...) 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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