Ticket touts are 'simply providing a market service' | Newstalk

  • 📰 NewstalkFM
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 55%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Ticket touts are 'simply providing a market service'.

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 19. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines