The Economic Way of Thinking 13th Edition by David Prychitko, Peter Boettke, Paul Heyne

Exercise 13

Concert tickets are often initially sold on a first-come, first-served basis. Back in the day, before there were ticket sites on the Internet, kids skipped school, camped out in overnight lines, and did who knows what else to try to obtain tickets before they sold out.
(a) Who were they competing against? The performers? The managers and promoters? Sponsors? The ticket agency? The concert hall? Were they competing at all?
(b) Today people can purchase tickets through Internet ticket brokers and sites such as eBay. What criterion is being used there to determine who gets the tickets?