Legal issues need to be addressed as we stay excited about our favourite music concerts and band performances
Image for representational purpose only. Photo Courtesy: istock
- The creation of artificial demand violates the principles of economics
- Instagram stories, Telegram chats suggest tickets are sold in black after official sales
- Surge pricing is a dynamic pricing model where prices increase based on higher demand
Are you also a heartbroken Coldplay fan who couldn’t fetch the tickets and waited in the ‘never-ending’ queue of internet booking customers? As a lawyer, I have my set of observations from these ticket sales. This is violating many of our laws, in essence, contract law, consumer protection, cyber law, criminal law and some aspects of competition law. The creation of artificial demand also violates the principles of economics.
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