2.4 Rugby World Cup organizers have opened up a new front in their battle to prevent tickets...
Question:
2.4 Rugby World Cup organizers have opened up a new front in their battle to prevent tickets being resold for huge profits, targeting hundreds of individuals and dozens of websites. Organizers have revealed that they have issued more than 600 letters to people selling their tickets on secondary ticketing sites. They were urged to use the official resale channel instead and warned that failure to comply was against terms and conditions. England Rugby 2015 said that the majority had complied. However, there are still hundreds of tickets available on secondary ticketing websites and after organizers failed to persuade the government to criminalize the resale of tickets, swarms of ticket touts have been spotted around stadiums. Although reselling Rugby World Cup tickets is not in itself a criminal offence, the Metropolitan Police said six men were arrested in Twickenham under the Proceeds of Crime Act after being observed selling Rugby World Cup tickets before the World Cup Final match. It is argued that ticket touting is efficient. Explain that argument. Others ask how could it be efficient “if onlyrich people can afford to go to most games?” Do you agree? Why or why not?
Step by Step Answer:
Principles Of Microeconomics
ISBN: 9789813107342
12th Global Edition
Authors: Karl E. Case, Sharon E. Oster, Ray C. Fair