Oireachtas Joint and Select Committees
Wednesday, 9 December 2020
Joint Oireachtas Committee on Jobs, Enterprise and Innovation
General Scheme of Sale of Tickets (Cultural, Entertainment, Sporting And Recreational Events) Bill 2020: Discussion
David Stanton (Cork East, Fine Gael)
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Are there implications for private property rights in the legislation? Perhaps the officials will let us know what their understanding of dynamic pricing is. As I understand it, this has to do with demand in the market and that the primary seller can adjust the price of the tickets up or down depending on the demand. Is this going to be difficult to manage, monitor or control with legislation such as this, especially if the prices keep changing? I am aware that it is different with airline tickets, where dynamic pricing happens all the time. Could something similar happen with venues? How will that aspect be managed if the price can keep changing depending on demand?