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I have no problem with legalizing scalping. OTOH, I don't think an organization staging an event should be forced to sell tickets as transferable licenses.
It is hardly simple, but please let us know when you take this high school course. You can then explain to us how the lack of anti-gouging laws that prevent businesses from selling everything from gasoline to food at exhorbitant prices because of market fluctuations that cause demand to skyrocket. And how a free-market labor force will benefit all those people who rely on minimum wage laws. I'm sure they don't understand how working for two bucks an hour will benefit them.
You must not have read the previous threads on this subject... I left out an important part here and I apologize (I should not have assumed everyone here was a part of previous threads).
Precisely right. And the reason there would be a hue and cry if Kraft priced to the market is that an NFL franchise is an effective monopoly. Do you really think the Patriots have any real competition? Kraft owns the only NFL franchise for hundreds of miles. The barrier to entry for another league is somewhere between enormous and insurmountable.
If the Patriots have their way, the same tickets would be sold, but through the Patriots ticket exchange, for face value.
Precisely right. And the reason there would be a hue and cry if Kraft priced to the market is that an NFL franchise is an effective monopoly. Do you really think the Patriots have any real competition? Kraft owns the only NFL franchise for hundreds of miles. The barrier to entry for another league is somewhere between enormous and insurmountable.
Congress allows the NFL to collude on a salary cap in much the same way townships allow the phone company to own all the phone lines -- it benefits the customer to have one entity control a limited resource and manage it to promote a better product.
In this case, the limited resource is the number of NFL-quality football players. (there is another thread on this sort of topic -- on starting another league).
Nonetheless, Kraft does not exercise his monopoly power, choosing to keep ticket prices artificially low. If he so chose, he would raise prices to the point where some seats would remain unsold each game, maximizing profits.
Where the owners exercise their monopoly power is negotiating with the networks. But that's not what we're talking about.
StubHub and scalpers attempt to exploit the difference between Kraft's artificially low prices and the prices the market will actually yield.
No competitive pricing model would ever support a waiting list like the Patriots have. They are trying to manage it equitably so the stadium does not become a rich man's domain. I hope they screw Stubhub to the wall.
Not that I have an opinion on the matter.
Precisely right. And the reason there would be a hue and cry if Kraft priced to the market is that an NFL franchise is an effective monopoly. Do you really think the Patriots have any real competition? Kraft owns the only NFL franchise for hundreds of miles. The barrier to entry for another league is somewhere between enormous and insurmountable.
Congress allows the NFL to collude on a salary cap in much the same way townships allow the phone company to own all the phone lines -- it benefits the customer to have one entity control a limited resource and manage it to promote a better product.
In this case, the limited resource is the number of NFL-quality football players. (there is another thread on this sort of topic -- on starting another league).
Nonetheless, Kraft does not exercise his monopoly power, choosing to keep ticket prices artificially low. If he so chose, he would raise prices to the point where some seats would remain unsold each game, maximizing profits.
Where the owners exercise their monopoly power is negotiating with the networks. But that's not what we're talking about.
StubHub and scalpers attempt to exploit the difference between Kraft's artificially low prices and the prices the market will actually yield.
No competitive pricing model would ever support a waiting list like the Patriots have. They are trying to manage it equitably so the stadium does not become a rich man's domain. I hope they screw Stubhub to the wall.
Not that I have an opinion on the matter.
Sorry, Dave, I have a problem with that. If they can't go to a game, let them sell their tickets at face value on the Patriots ticket exchange. Your approach encourages profiteering from a franchise they had no part building, placed no investment and assumed no risk.
While true, what you say is irrelevant. You're saying that because Brady is winning quarterback, Joe Fan is entitled to skip games and profit on his season's tickets. I disagree.
I don't understand why you think scalping is the only way to sell single-game seats or that charging 3x face value is better for the community than selling at face value. Unless you do this yourself and you're trying to justify it. Stubhub serves the community as brokers, by matching sellers and buyers. If the Patriots can do this for less and eliminate the profiteering and preferentially sell to their waiting list, I don't see where the fan community is hurt.
