The Welfare Effects of Ticket Resale
First, consumers make strategic choices of how much costly e ort to exert in an arrival game ... buyers may choose to exert high e ort in the arrival game driven by the expectation of reselling 1See, Happel and Jennings (1995), Hassett ... to be sold. In the absence of resale, high-value consumers may end up with low-quality seats| and if high ...