Ticket touts are 'simply providing a market service', according to a member of a free market think-tank in the UK.
"There are many people like this is markets of all kinds, and what they do is they bring supply and demand into balance."The high price is because there is a very high demand for tickets for some concerts... and a fundamentally fixed supply.Dr Davies said there are only two options for customers. "So it's a matter of making a choice: either you have a really acute shortage of tickets, and it's a matter of pure luck if you get one, or you have a market price for the tickets which will be much higher than the face value.