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So what's wrong with secondary markets?? Is it obviously a "good thing" to reduce the number of tickets sold in the secondary market? If secondary markets are not illegal, the transaction costs can be quite low; and they definitely promote economic efficiency.


There's nothing wrong with the secondary markets per-se and I don't think he's saying that they are bad. He's arguing that event holders aren't setting their ticket prices as well as they could and are thus leaving money on the table for others.

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