28 Tennis Fans Getting Ripped Off for Australian Open Tickets Scalpers on eBay are flogging Australian Open tickets for up to $1,250 each, more than triple the face value. Tennis Australia takes scalping seriously and will pursue those persons seeking to profiteer from the Australian Open.

Source: Herald Sun, 14 October 2011 a What is ‘ticket scalping’? Is ticket scalping in the social interest or self-interest?

b Explain the effect of ‘scalping’ on consumer surplus and producer surplus.

c How might Tennis Australia allocate tickets to the Australian Open final that would be fair and efficient?

d Is it fair that Tennis Australia prevents holders of Australian Open tickets from selling them to others?