A show by U2 in the New York City area was an instant sellout due to...

 

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A show by U2 in the New York City area was an instant sellout due to major purchasing of tickets by Ticketmaster. Just aN quickly, however, thousands of ticket listings started appear- ing 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? 2.24 With regard to Application 2.4, what would you predict to be the effect of the ban on vacation home building, all else equal, on hotel room rates at Swiss Alpine locations? How about on the price of vacation homes in nearby French and Austrian Alpine locations? Explain. 2.25 In August 2013, after contentious debate in Congress, President Obama signed into law a bill restoring lower inter- est rates for college student loans. President Obama pledged that the hard-fought compromise with legislative representa- tives would be just the first step in a broader, concerted fight to reign in the cost of a college education. Evaluate the validity of the President's statement and whether government-subsidized lower interest rates for student loans reduce or increase the cost of college education. A show by U2 in the New York City area was an instant sellout due to major purchasing of tickets by Ticketmaster. Just aN quickly, however, thousands of ticket listings started appear- ing 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? 2.24 With regard to Application 2.4, what would you predict to be the effect of the ban on vacation home building, all else equal, on hotel room rates at Swiss Alpine locations? How about on the price of vacation homes in nearby French and Austrian Alpine locations? Explain. 2.25 In August 2013, after contentious debate in Congress, President Obama signed into law a bill restoring lower inter- est rates for college student loans. President Obama pledged that the hard-fought compromise with legislative representa- tives would be just the first step in a broader, concerted fight to reign in the cost of a college education. Evaluate the validity of the President's statement and whether government-subsidized lower interest rates for student loans reduce or increase the cost of college education.

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223 Yes the New Yorks Anti Scalping law must be reinstated because this ... View the full answer