Tickets to athletic and artistic events are sometimes resold at higher-than-original prices – a market transaction known by the term “scalping.” For example, the original buyer may resell a $50 ticket to a college bowl game for $200, $250 or more. The media often denounce scalpers for “ripping off” buyers by charging “exorbitant” prices. From an economic perspective, is ticket scalping undesirable? Who is benefiting and who is losing?

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