The new addition to the penal code enabled police to fight the ticket scalping essay help scalping of sports and music events especially those scalpers that bought massive numbers of tickets for the sole purpose of resalewhich were causing much distress to the public and enabled scalpers to evade paying taxes, ticket scalping essay help since no law strictly outlawed the practice, could not be legally fought prior to the new law.
Buyers are not going to ticket broker Web sites too often. Additionally, the law has made it much easier for police to patrol the area in which the scalpers work, which has most likely all but eliminated the amount of counterfeit tickets.
Therefore, there is an excess demand of tickets, which effects a secondary market. An efficient futures market would likely upset the pricing balance that owners seek to achieve between ticket prices and anticipated complementary sales.
Prices on ticket brokering websites are determined by demand, availability, and the ticket reseller. If the price were to increase enough, however, he would decide to sell them.
Buyers benefit by being assured of the authenticity of their tickets. Basically, a futures market would end the broker industry as we know it. Per Figure 4, the price of tickets being resold declines significantly in the hours and minutes leading up to game time.
Instead, an e-ticket is e-mailed to the purchaser, who is then able to print it or e-mail it to a friend who may use it. Failing to sell out a game, therefore, has negative effects on television revenue and the ability for a team to widen the fan base Williams,p.
The majority of transactions that occur are via credit card over the phone or internet. One common concern with resale is with scam artists selling fake tickets to unsuspecting buyers.
Ticket resellers, however, have the luxury of being concerned only with maximizing profit in the short run on an event-by-event basis. Notre Dame Sports Information Director John Heisler said that 1, football tickets attempting to be illegally resold on the Internet were confiscated by the university in Since the tickets were authentic, buyers do not have a way of telling if a ticket had been used or not.
If the producing firm sets the price too high, it may get stuck with too many tickets, more than it can possibly use or even give away Swofford,p.
For many major sporting events, counterfeit tickets are auctioned off in the months leading up to the event. Scalping in this area was declared perfectly legal, but scalping anywhere else was prohibited. Such regulations do not allow the market forces to reign.
Season ticket holders generally receive the same exact seat locations year after year thus they can enter a contract to deliver on tickets that they own the rights to, even if those tickets have not even been printed or sent to the original ticket holder.
A concern when buying tickets on the street from a ticket scalper or via an online auction is ticket scalping essay help the tickets sold by ticket re-sellers may themselves be stolen or counterfeit. Wall Street Journal, p. Finally, methods of combating the secondary ticket market, including the use of the Internet to make the market more efficient, will be discussed.
These brokers are licensed to be resellers and acquire customers through placing ads in newspapers. Cato Journal, 15, Instead, Internet auction sites, most notably eBay, allow sellers and buyers to meet having to confront a middleman. Established re-sellers may operate within networks of ticket contacts, including season ticket holders, individual ticket re-sellers, and ticket brokers.
Thinking Outside the Box Office: No longer would customers depend on brokers and street scalpers to secure seats to special events. The paper will then explore why ticket resellers are necessary and how they go about purchasing, repurchasing, and reselling tickets. They defended the legitimacy of their practice, with one stating: In the title of his article, he likens the relationship to parasites serving their host.
With all the ticket scalpers forced to compete with each other in one centralized area, information asymmetry has been cut down dramatically. However, the scalper and ticket buyer truly show how a market free from price controls can lead better outcomes.
Atkinson 3 May Introduction Ticket scalping is the resale of tickets in the secondary market. Conclusion Dan Seligman of Forbes wrote at the end of that having laws against ticket scalping was in the top ten dumbest ideas of the century.ticket scalping essay.
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writing a three paragraph descriptive essays. leah4sci synthesis essay. karnataka rajyotsava essay. Cheap Custom Essay Writing Services Question description Scalping tickets is a great way to see how markets work. For many, going to the game has value, and that value will vary widely.
When teams price tickets and don’t sell out it lets us know that they priced tickets too highly. The opposite is true for Continue reading Georgia state law, economics homework help →. Ticket scalping is the resale of tickets in the secondary market. It exists at many sports and other entertainment events because under-pricing at the box office creates excess demand, thereby not allowing the market to clear.
Essay Editing Help. upload your essay. browse editors. argumentative. compare and contrast. log in × scroll to top. Home; The Benefits of Ticket Scalping on Consumers and Sellers PAGES 1.
WORDS View Full Essay. More essays like this: ticket scalping, ticket scalping on consumers, ticket ticket scalping, ticket scalping on. Price of the Ticket Essay mbiEBSCOhost Page 1 of 14 Record: 1 Title: Authors: particularly the decision to keep ticket prices low.
Ticket scalping is discussed as is the use of the Internet to purchase concert tickets from alternative sources. Full Text Word Count: ISSN: Help Improve Own and Team Practice in Schools. Ticket resale (also known as ticket scalping or ticket touting) is the act of reselling tickets for admission to events.
Tickets are bought from licensed sellers and are then sold for a price determined by the individual or company in possession of the tickets.
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