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Ticket resale, bots, and the fair price ticketing curse

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  • Pascal Courty

    (University of Victoria)

Abstract

The fair price ticketing curse occurs when an event organizer sells tickets at prices that do not correspond to underlying demand conditions and does not want resellers to profit from resale opportunities. The curse has been exacerbated with the advent of online ticketing. The challenge is to facilitate genuine ticket exchange while eliminating resale for profit. None of the attempted public or private solutions solve the problem. We propose a simple mechanism, identify a key set of necessary conditions for it to work, and discuss recent technological innovations that facilitate its implementation.

Suggested Citation

  • Pascal Courty, 2019. "Ticket resale, bots, and the fair price ticketing curse," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 43(3), pages 345-363, September.
    • Handle: RePEc:kap:jculte:v:43:y:2019:i:3:d:10.1007_s10824-019-09353-4
    DOI: 10.1007/s10824-019-09353-4
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    References listed on IDEAS

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    Cited by:

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    2. Samuel Cameron & Hendrik Sonnabend, 2020. "PricThe musical tribute band is a neglected topic in the field of economics. At first sight, it may seem to be a simple case of general copycatting which has been covered for other products and market," Economics Bulletin, AccessEcon, vol. 40(2), pages 890-900.
    3. Rustamdjan Hakimov & C.-Philipp Heller & Dorothea Kübler & Morimitsu Kurino, 2021. "How to Avoid Black Markets for Appointments with Online Booking Systems," American Economic Review, American Economic Association, vol. 111(7), pages 2127-2151, July.
    4. Simon Feulner & Johannes Sedlmeir & Vincent Schlatt & Nils Urbach, 2022. "Exploring the use of self-sovereign identity for event ticketing systems," Electronic Markets, Springer;IIM University of St. Gallen, vol. 32(3), pages 1759-1777, September.
    5. Frevel, Nicolas & Beiderbeck, Daniel & Schmidt, Sascha L., 2022. "The impact of technology on sports – A prospective study," Technological Forecasting and Social Change, Elsevier, vol. 182(C).

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