Originally posted by ShockBaller
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Any Presale for Utah @ Intrust Bank Arena
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Originally posted by SHOCKvalue View Post"Convenience fees" are not an indication of free market economics. Where is the choice and competition? There is none. Captive audience, which is the opposite of capitalism.
The free market would be on display if all tickets for the event were put out on a bid system, or something similar.Convenience fees??? I'll have to think about how they fit into an economic model.
I think they are some sort of a byproduct of demand gouged into a capitalistic system where one supplier holds a monopoly.
I could be wrong.
You could certainly open up a website and make a deal with SMG to market their tickets. All you'd have to do to succeed is offer lower convenience fees than Select-A-Seat, beat the kickback Select-A-Seat is paying SMG, and still produce a profit. Actually, you wouldn't have to have lower convenience fees. All you'd have to do is give SMG a bigger cut than they're getting from Select-A-Seat.
There is no competition because no business has found a way to be profitable with the money they're left with out of the convenience fees. Select-A-Seat pays SMG enough money that SMG can't profit from doing their own sales. Select-A-Seat is obviously the most efficient business in their field, so they have captured the market - not by force, but by efficiency and economics.
If you think there was never any bidding process for off-site sales, then you are assuming that an arena management company with multiple sites just goes to Select-A-Seat and says, "How would you guys like to sell our tickets. Here they are. Thanks, guys". That's not how it works. SMG hammered out a deal with Select-A-Seat and Select-A-Seat made a deal that was the most profitable to SMG, but Select-A-Seat's bargaining chip was that they get all the ticket sales.
The competition and the bidding process occurred before IBA was even built. The contracts probably run for one or more years and are renegotiated (and others allowed to compete) whenever any current contract expires.
Just because Select-A-Seat has been able to crush their competition doesn't mean that capitalism and free market forces are not occurring. In fact, those forces favor businesses that are able to crush their competition.Last edited by Aargh; September 24, 2015, 08:09 PM.The future's so bright - I gotta wear shades.
We like to cut down nets and get sized for championship rings.
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Originally posted by SHOCKvalue View Post"Convenience fees" are not an indication of free market economics. Where is the choice and competition? There is none. Captive audience, which is the opposite of capitalism.
The free market would be on display if all tickets for the event were put out on a bid system, or something similar.Deuces Valley.
... No really, deuces.
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- a smart man
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Originally posted by boltforge View PostPurchases are open for the Intrust Email code that they sent out to people who went last year. Can I just drive there and order at Intrust to save the $6 fee per ticket? It says: "Presale tickets are ONLY available online" though.
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I couldn't image them holding back good lower bowl seats for non-season ticket holders just to have some for the public on sale Saturday. I'd be willing to be the whole lower bowl is sold out, as well as the side court upper bowl, leaving just the behind the basket sections of the upper bowl.
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