The economics of ticket scalping
- Written by Paul Crosby, PhD Scholar in the Department of Economics, Macquarie University
Event promoters are underpricing and undersupplying tickets.ShutterstockAllegations that tickets to recent AFL and NRL finals matches were being resold for up to three times their initial price raises questions of why ticket scalping happens, and whether anything can be done about it.
To an economist, the existence of a secondary market - where...