As I understand it, here are the facts:So Mr Leno doesn't like scalping either. But why? What does he lose, after all he had already given the tickets away so its not like he is losing an money on forgone ticket sales.
1. Comedian Jay Leno takes his show to Michigan to help "not just the autoworkers -- anybody out of work in Detroit."
2. He gives away tickets for free.
3. Someone tries to sell his ticket on eBay.
4. Mr Leno objects.
So I wonder: If a person down on his luck prefers the cash to the opportunity to watch Leno live, why would Leno object? Is it altruism that is really motivating Leno here? Is he really sure that the unemployed person in Detroit would be better off with an evening of laughs than $800 in his pocket? Or does Leno want to play to a live audience of unemployed workers so he will seem altruistic to his television audience?The great thing about markets is that they improve the allocation of resources. Both the buyer and the seller engage in the transaction voluntarily, so it must be that both are better off: otherwise they would not trade. So why does Leno object? Does he not like the efficient allocation of resources?