More Government Intervention Won’t Make Concert Tickets Cheaper
Reason
View Original Source
Brian Albrecht, Chief Economist at ICLE, is quoted in Reason article on why government intervention in concert ticket markets is unlikely to lower prices or improve access. Read the full story here.
“Scalpers (bots or otherwise) make the market more like an auction where the price is a bigger part of allocating the tickets,” says Brian Albrecht, chief economist of the International Center of Law and Economics. Since “there’s nothing nefarious about it or anticompetitive,” Albrecht tells Reason he’s “left wondering what plausible theory of harm the agencies have in mind when it comes to scalpers.”