You are missing his point. The buyers out there are PAYING these ridiculous ‘scalping’ prices. If you buyers would STOP paying the prices, the people who bought these tickets would go out of business and or greatly cut down on scalping in the future. This is pure economics. The software programs are obviously illegal and I hope those people go to jail but that doesn’t change basic economics of supply/demand.
You are missing his point. The buyers out there are PAYING these ridiculous ‘scalping’ prices.
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I won’t suggest that you have missed the point, simply that you are addressing another, different, point. From a theoretical point of view, you are absolutely correct, this is a classic supply and demand case study.
Taken out of its theoretical context, and placed into the real world, where this is actually playing out, it loses some of its theoretical purity. This is an artificially created scarcity, done for the specific purpose of driving up the price of the tix and the profits of the ticket brokers. Seen this way, the reality of the situation is a nice case study for how free markets can be manipulated.