How do you plan on solving this? For each event that occurs, it can only happen in one physical place. Space is inherently scarce, that’s why real estate is a shit show.
People want lotteries. Look at the savannah bananas as a model for safe, cheap ticketing for a premium event. If savannah bananas had unrestricted transfers and resale, then the tickets would be $100s of dollars. However, they restrict ticket transfers and you can only get your tickets through a lottery system, so the costs stay pretty low. I think $30 a seat, which is independent of where you end up sitting.
Not true. Economic models typically assume competition exists. This is a monopoly, so the models don’t actually work here.
How do you plan on solving this? For each event that occurs, it can only happen in one physical place. Space is inherently scarce, that’s why real estate is a shit show.
People want lotteries. Look at the savannah bananas as a model for safe, cheap ticketing for a premium event. If savannah bananas had unrestricted transfers and resale, then the tickets would be $100s of dollars. However, they restrict ticket transfers and you can only get your tickets through a lottery system, so the costs stay pretty low. I think $30 a seat, which is independent of where you end up sitting.