It will allow people that were willing to pay the market price actually buy the tickets. If there is sufficient demand then maybe a Burning Man 2 festival makes economic sense, or increasing the supply of tickets for Burning Man itself.
We live in a world of limited resources not of good wishes. Good wishes lead to dead weight losses. I don’t see a possible scenario where price control is a good idea - LAW of supply and demand.
If there is some societal interest that the market fails to protect here (is Burning Man a fundamental right applicable to a certain type of person?) If so, then we should have a BMPA (like the EPA) formed to regulate the event.
Intellectual freedom cannot exist without political freedom; political freedom cannot exist without economic freedom; a free mind and a free market are corollaries. - Ayn Rand
It will allow people that were willing to pay the market price actually buy the tickets. If there is sufficient demand then maybe a Burning Man 2 festival makes economic sense, or increasing the supply of tickets for Burning Man itself.
We live in a world of limited resources not of good wishes. Good wishes lead to dead weight losses. I don’t see a possible scenario where price control is a good idea - LAW of supply and demand.
If there is some societal interest that the market fails to protect here (is Burning Man a fundamental right applicable to a certain type of person?) If so, then we should have a BMPA (like the EPA) formed to regulate the event.
Intellectual freedom cannot exist without political freedom; political freedom cannot exist without economic freedom; a free mind and a free market are corollaries. - Ayn Rand
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