Question

A show by U2 in the New York City area was an instant sellout due to major purchasing of tickets by Ticketmaster. Just as quickly, however, thousands of ticket listings started appearing on TicketsNow.com a Ticketmaster subsidiary, where fans and brokers flip tickets, often at prices far above face value. For example, one $ 253 face-value ticket for a seat near the stage was listed for $ 10,000. The state of New York’s anti-scalping laws were suspended in 2007. Should they be reinstated to pre-vent such “consumer rip-offs,” as they have been termed by certain policymakers who also believe that there is no benefit to consumers from allowing tickets to most large events to be resold at any price?



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  • CreatedNovember 14, 2014
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