The Economics of Bieber Fever
Bieber, one of the most popular artists in the world, sold out his entire, 49-date North American tour within hours of it’s going on sale. Parents were quick to blame the secondary market, where some tickets are selling for many times face value—but a closer look at the industry shows that things are more complicated.
“Sorry, no exact matches were found, but other tickets may still be available on Ticketmaster.com”—it’s the dreaded message thousands of parents around the country got when trying to buy Justin Bieber tickets earlier this month.
