That's the ticket

Posted Wednesday, Apr. 10, 2013  comments  Print Reprints
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The story about the right to resell tickets quoted a state legislator, who should know better, saying, "When I had a ticket, I thought I owned it." Actually, what he owned was a personal right to attend an event, not a right to resell the ticket. (See: "It's my ticket. I should be able to resell it if I want to," Sunday)

I do not work for or with anyone selling tickets to anything. But I do know something about free markets.

A ticket having a resale right is more valuable than a ticket without that right. At its own discretion, the venue selling tickets to an event should be able to sell them with and without resale rights. A ticket without resale would sell for a certain price, while a ticket with resale would sell for a higher price.

A person intending to go to the event would purchase the ticket without resale right. The person intending to resell the ticket, or thinking they might resell it, would pay the higher price for the resalable ticket.

That's a free market approach.

-- Michael D. Dirmeier,

Keller

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