This is from an editorial in the student newspaper at the University of Wisconsin, titled "The Worst People on Campus":
"Wisconsin had 5,800 student tickets to sell. They went up for purchase on uwbadgers.com at 9 p.m. Sunday and were sold out by 9:20 p.m. The 33 students named above (Note: their names were later removed) had the nerve to put their Rose Bowl tickets up for sale on Facebook Marketplace within two hours of tickets selling out. Face value was $150. Some were trying to get the tickets for more than $400 a pop.
Truly, there is a special place in Hell for people who buy Rose Bowl tickets with the sole intention of profiting from them. It is entirely unfair to those who actually love this football team and were counting on a cheap face value ticket in order to make the trip to Pasadena an economic reality."
"If there's a special place in hell for someone who re-sells a ticket to a sporting event for more than face value, then hell is going to have an extensive waiting list. And I'd be on it.
Admittedly, selling tickets for more than face value is a contentious issue among fans, but these sales are as ingrained in sports culture as hot dogs and beer. If Wisconsin wanted to undermine this capitalistic ticket culture, all the athletic department had to do -- and The Badger Herald pointed this out -- was require that the students pick up their tickets in person at the Rose Bowl. But since there is no such requirement, what the students do with their tickets is fair game.
Had Michigan State gone to the Rose Bowl this season, I couldn't imagine selling my Rose Bowl ticket if I were a student. Not even if I were offered double the price. But if you tripled it, I'd have to think about it."
MP: I'm with Jemele on this one, and I'm suspicious that she might have even taken Principles of Economics at MSU, whereas I predict Wisconsin editor-in-chief Kevin Bargnes (who wrote the editorial) hasn't yet been exposed to price theory?