Re:Spotify will start reserving concert tickets for fans
by ch4s3 on Friday May 22, 2026 @12:06PM
(#48237800)
I mean sure, you don;t want to drive away your audience, but the existence of a second hand market with much high prices clearly means you aren't pricing tickets correctly. The existence of the scalper with the 10 or 100x price is the second-order effect of under pricing, and everything Ive read already suggests that audience makeups are changing at music festivals as more tickets are bought second hand at these considerable markups.
It's no good optimizing for simple supply and demand in one year if it destroys the product and therefore demand in subsequent years, which is what we're seeing the market. I'm familiar with libertarian principles, but every libertarian economist I've paid attention to has emphasized the importance of second-order effects.