From a purely economics standpoint, when scalpers are able to sell at a higher price, yes they are underpriced.
But doing so limits access to cultural events to only those that can afford them.
this post was submitted on 25 Sep 2025
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"Cultural" like the bacterial culture between my toes, maybe.
Not true. Economic models typically assume competition exists. This is a monopoly, so the models don't actually work here.
This, of course, does not factor in the problem of scalpers and the hugely increased fees charged on the secondary market.
Well, if tickets for a given band are being scalped, then it's a good sign that they're probably initially selling below market rate.
Always have been. We had a system where bands didn't make as much as they humanly could because it was generally accepted that the art of live music wasn't made just for the enjoyment of the highest bidders in society. And this is still largely true from most artists' perspective. But they aren't the one setting the prices anymore and profit maximizing, when playing in most medium-to-large venues in NA.
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