Are concert tickets UNDER priced?

The podcast discusses the economics of concert ticket pricing, highlighting the frustration of artists, fans, and venue owners with rising costs and ticket reselling bots. It features Molly Obomsawin, an artist concerned about ticket affordability, and Live Nation CEO Michael Rapinoe, who believes tickets are underpriced. The episode details how bots inflate prices and create issues like "spec tickets," leading to manual voiding of purchases and fans being denied entry. Economist Alan Sorensen explains that the secondary market corrects "mispricing" when artists set initial prices too low. The podcast concludes by examining Maine's new law, which bans bots, outlaws spec tickets, and imposes a 10% resale cap, showing how states are attempting to combat predatory ticketing practices.