Thirty Years Later, the Folly of Anti-Scalping Laws Persists

Three decades ago, Dr. Marianne Jennings and I published an article styled The Folly of Anti-Scalping Laws in the Cato Journal 15, no. 1 (Spring/Summer 1995.) Therein we argued that imposing artificial constraints in the form of price caps on the resale of event tickets ultimately harmed consumers. That fundamental economic reasoning remains true today. …