Comment Solution for this (Score 2) 301
As ohers have previously said, the problem here is that the tickets prices were not high enough (in a free market sense).
The solution would be to sell the tickets at the right price, that is, the price consumers are willing to pay.
I think a system like this would do the job
1. The day tickets go on sale, charge an outrageous amount (say, $100,000).
2. Then gradually decrease prices each day (or even every hour)
3. Last day the tickets would go on sale for $1
In that way, each person would decide which is the "right" price to pay. Do you *really* want to see this show? Would you risk missing it because you want to save a few bucks and wait until tomorrow? Do you think it would be a good deal to buy tickets now and resell them later for a profit? OK go ahead. How many tickets? At which price? Are you sure you will be able to sell them, considering that people willing to pay a higher price already had the opportunity to do so and refused?