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Re:Ask HN: How are you preparing for COVID-19 disruptions? by gwright on Wednesday February 26, 2020 @08:15PM (#22429404)
Not the situation we are talking about but even in that situation a government control on the price of the concert tickets could easily create a shortage. An entertainer would just choose to have concerts in a different jurisdiction that didn't limit the prices leading to 0 seats in the location with price controls.
Re:Ask HN: How are you preparing for COVID-19 disruptions? by jiofih on Thursday February 27, 2020 @06:53AM (#22432485)
The entertainer makes zero money on the added price of tickets from trading dynamics we are talking about, it’s all middlemen.
Re:Ask HN: How are you preparing for COVID-19 disruptions? by gwright on Thursday February 27, 2020 @08:52AM (#22433199)
Doesn't change the analysis re: supply and demand. Just changes to a discussion of the middlemen as a supplier.
Re:Ask HN: How are you preparing for COVID-19 disruptions? by jiofih on Thursday February 27, 2020 @03:39PM (#22437534)
It invalidates what you mentioned re. the entertainer avoiding a certain location due to price control. And btw, price control in this case means “no resale above ticket price” or something similar, not the government controlling the pricing itself. The supply is fixed so there can’t be a shortage (except when it’s caused by price gouging performed by middlemen).