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Comment Re:Scalpers? (Score 1) 119

Both underwriters and car dealerships purchase in structured deals with contractual boundaries that set wholesale pricing structures.

So it's not scalping because of the collusion? BTW: Car dealers will not hesitate to sell a car above sticker price (at a premium) if there is a big demand for it.

Scalpers are people who buy something at retail, turn around and sell it at retail for a huge markup, preventing other retail purchasers from buying at the merchant-set rate and intentionally causing scarcity issues. Think tickets for concerts, or the shortages of Wiis and PS3s when those first released.

What you have just described are free enterprisers who are exercising their rights to make a profit in a free enterprise system.

BTW: They are not creating a scarcity of the item in question, they are taking advantage of the scarcity -- there is a common economic term that covers this, "supply and demand". They aren't doing anything commodity traders don't do.

People who were willing to buy at the set price get blocked out, and the venue ends up with empty seats.

So what you're saying is the retailer has under-priced the item they are selling and someone else is risking their capital in order to capitalise on that. What's the problem with that?

Car dealers and stock underwriters on the other hand, have every incentive to sell every item they purchase.

"Scalpers" have the exact same incentive to sell every item that they purchase that a car dealer or stock underwriter does -- profit.

Unlike scalpers, they are providing a benefit to their service by organizing distribution and sales channels. In these situations, the original product source (IPO, factory) doesn't want to sell direct, they prefer to sell wholesale and let someone else take on that responsibility. Scalpers on the other hand are simply injecting themselves as an additional layer post-retail and do not add any value with their service.

As a consumer I don't give a rat's ass what service a wholesaler provides to the manufacturer. I only care what service they provide to me and scalpers provide a very valuable service. They allow people who are willing to pay for the privilege, to buy tickets to shows (for example) at their convenience.

Comment Re:Grounds to contest? (Score 1) 736

You had the choice not to run the light.


Really? Suppose I'm used to yellow lights lasting 6 seconds, and I know I can get through the light in 5 seconds.

That question is part of your problem. The yellow light mean "Stop, unless it's unsafe to do so". It doesn't mean "hurry up, the light is about to turn red".

Now, if you had said that you are approaching an intersection where you require a minimum of 6 seconds to stop in a safe manner and they changed the yellow light to three seconds, you'd have a point.

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