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Unformatted text preview: a state where resale is restricted, tickets can still be traded in other states where resale is allowed. A good reference for updated information on resale legislation is eBay, which has to collect this information to maintain the legality of the trades that take place on its website at http://pages.ebay.com/help/community/pngtickets. html?ssPageName5TixPolicy . Resale laws have been enforced. For example, New York, which is the largest local market in the United States for entertainment events, has run several largescale investigations, which have resulted in prosecution, against resellers who sell tickets above the regulated premium de. ned as $5 or 10 percent of the face price (Of. ce of New York State Attorney General, 1999)....
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This note was uploaded on 02/24/2010 for the course ECON 1313212 taught by Professor John during the Spring '09 term at The School of the Art Institute of Chicago.
- Spring '09