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Re:Ontario looks to ban reselling tickets for more than orig... by jazz9k on Thursday May 21, 2026 @04:38PM (#48228582)
This will ensure companies like Ticketmaster have a complete monopoly over the market.

Does anyone study basic economics anymore?

Re:Ontario looks to ban reselling tickets for more than orig... by maerF0x0 on Thursday May 21, 2026 @04:47PM (#48228695)
What economic principles predict that outcome?
Re:Ontario looks to ban reselling tickets for more than orig... by Cpoll on Thursday May 21, 2026 @05:14PM (#48228969)
I didn't. Can I get the name/quick explanation of the effect?
Re:Ontario looks to ban reselling tickets for more than orig... by rkhleung on Thursday May 21, 2026 @09:58PM (#48231086)
There is no such effect. As for a basic economic lesson on thinking about this policy: For all the major events that are sold out, many consumers pay more then the face value of the ticket (and sometime much much more). All this "surplus" over face value is money that is divided up between the venue, the artist and ticketmaster. Now this money stays with the consumer. For those shows that are not sold out, you can resell on the secondary marketplace for up to the face value. It removes the incentives for scalpers, and for ticketmaster to manipulate the market.
Re:Ontario looks to ban reselling tickets for more than orig... by parlortricks on Sunday May 24, 2026 @07:29PM (#48262059)
Id like to understand how this creates a monopoly. It isn't banning the re-sale of tickets, just limits the sale to less than or equal to original cost of ticket.