Ticket touts perform a vital economic function
Kirstian Niemietz writes for Free Market Conservatives
Mark Littlewood writes for The Times
Dr Stephen Davies quoted by Sky News
He said: “They are brokers essentially, middlemen, and they have been around for hundreds of years. What they do is to ensure the goods in question, in this case tickets, end up in the hands of the people who want them most and are prepared to pay the highest price for them. This is in economic terms a market efficient outcome. Nobody is actually forced with a proverbial or metaphorical gun to their head to pay £7,000 for an Ed Sheeran ticket.”
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