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Do anti‐ticket scalping laws make a difference?
Author(s) -
Williams Andrew T.
Publication year - 1994
Publication title -
managerial and decision economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.288
H-Index - 51
eISSN - 1099-1468
pISSN - 0143-6570
DOI - 10.1002/mde.4090150512
Subject(s) - ticket , suspect , business , league , football , law , advertising , law and economics , economics , computer security , political science , computer science , physics , astronomy
Ticket scalping is the practice of buying tickets at one price and reselling them at a higher one. The practice is controversial and currently almost half the states regulate the resale of tickets to one degree or another. As with other laws that regulate economic activity, the question immediately arises: ‘Who benefits from the law?’ Economists typically view transactions between willing buyers and willing sellers, such as ticket scalping, as welfare improving. They also view any interference with free market transactions as suspect and as possible evidence of rent harvesting. In an attempt to quantify the economic impact of anti‐ticket scalping laws this paper presents a regression model of ticket price determination for National Football League teams and uses it to test the proposition ‘Do anti‐ticket scalping laws make a difference?’