Le Marche Noir - the business of opportunity...(9/6)

More interesting than the Coldplay concert itself, the black market at the entrance would be a more worthwhile marketplace to visit and study...
-- the tickets of the concert were sold out officially within an hour after the sales.
-- quite a lot of people were interested in attending the concert, as the Group is popoular in Paris too.
-- people like me could hardly get a ticket from the official channel, but as a tradition, people would understand that tickets could be purchased on site before the concert...there could be people who could not attend at last minutes and would like to transfer the tickets to others.
-- and of course, people understand that some people did purchase the tickets for resales and this could be a profitable business...
-- as a consequence, there were quite some thirty people who waited outside for last minute ticket sales.
-- i tried my luck too...as I expected that I should be able to get a ticket by paying a bit premium...
-- well, yes, this sounds not a good practise as this supports the existence of 'black market', but then this is normal phenonmenon of demand and supply too...
-- there were people arriving earlier than me, 1.5hr before the expected commencement time of the concert.
-- some people wrote "cherche 1 place" (look for a seat) and put the notice in front of their shirts.
-- and then, some vendors appeared and asked if anyone was looking for tickets.
-- traditional professional business model with distribution of sales.
-- ironically, most of these vendors were black people.
-- communication began randomly at the entrance..."combien pour un ticket?' (how much for a ticket?)...4oo euro?? Ehh...
-- negotiation skill in French would be a challenge to me...
-- i found that watching the conversation of vendors and buyers would be entertaining too...
-- as times went by, a cross chart could be plotted for the bargaining power of the vendors and the buyers.
-- later on, I noticed that some buyers were actually from the same group of the vendors...oh...an act to manipulate the speculation of market price of the tickets!!
-- buyers waited and they anticipated that ticket price would fall when getting closer to the concert time.
-- vendors communicating via mobile from time to time, from spots to spots to set 'a market price'.
-- still a battle of patience and expectation.
-- there were 4 teenage girls crazy looking for available tickets...and to a certain extent, they were the prey for the vendors...
-- suddenly it appears a genuine audience who could not watch the concert and would like to sell his original ticket at listed price.
-- an interception to the vendors' agreed 'market price'...
-- buyers started to line up together to increase their negotiation power for cheaper tickets...let's say, they can ask for more if they would purchase 2 tickets instead of 1...
-- risk taking exercise!!
-- i joined a Canadian for tickets...
-- lack of information enabled varied transaction price...
-- a real example of free-economy market.
-- again, information carrier won the game.
-- a couple, knowing the practice of the concert hall, that the official ticket box office might have last last minute tickets (could it be only 1 or 2 tickets), asked the box office, and they got 2 at the last moment, again, at listed price...
-- well, this is the era of information, and I presume the same model prevails in the capitalist world now...
-- winners take all...well, if the poor is the information carrier, perhaps the wealth can be redistributed...
-- ...but, the poor, being inferior in terms of opportunity cost, could only be losers in general case...
-- this is somewhat a pity!