Economics 13th Edition by James Gwartney, Richard Stroup, Russell Sobel, David Macpherson

Exercise 5

In many states, ticket scalping, or reselling tickets to entertainment events at prices above the original purchase price, is prohibited. Who is helped and who is hurt by such prohibitions? How can owners who want to sell their tickets get around the prohibition? Do you think it would be a good idea to prohibit the resale of other things-automobiles, books, works of art, or stock shares-at prices higher than the original purchase price? Why or why not?