tag:blogger.com,1999:blog-2035690183995969825.post134184585706083840..comments2022-11-04T02:36:05.673-07:00Comments on Economics Perspective: Olympic ToutsAnonymoushttp://www.blogger.com/profile/03692686140237259782noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-2035690183995969825.post-12729400602239252032012-08-04T11:18:23.294-07:002012-08-04T11:18:23.294-07:00But there IS someone coordinating the process, at ...But there IS someone coordinating the process, at no profit to themselves. You can return any unwanted tickets to the central organisation, who then release them for resale. Then the same people who entered the lottery the first time get to battle with the (apparantly very shaky) computer system again, at the same prices. Everyone gets a fair crack and the secondary market does not soak up all the rents.<br /><br />Even if we won't agree on whether the original allocation system was fair (or *would have* been fair with a more sophisticated system of how many each person could win etc), surely you agree that encouraging people to use the official resale channel is better than letting the touts take all the rents? (People might sell tickets to touts for a bit more than they paid, but I very much doubt they sell them for anything like as high a price as the touts sell them on for).Elizabethhttps://www.blogger.com/profile/14046558358910401224noreply@blogger.com