Tickets for live entertainment are in a marketplace and therefore subject to the foundational principles of supply and demand. As highlighted in a recent study by the American Consumer Insititute and covered in the Boston Herald, consumers can benefit from reduced prices on the secondary market.
Unfortunately for consumers, some lawmakers have backed proposals that would place limitations on the advertising in the secondary market, which makes it more difficult to reach consumers. Rather than picking winners and losers, lawmakers should instead allow marketplace competition and respect the choices of consumers whether they choose to shop ont he primary or secondary market.
To learn more, check out the Boston Herald or the American Consumer Insititute’s ConsumerGram: Antitrust Ticketing Case Fails to Solve Pricing Problems