Title: Editorial - Tickets
Full Citation
Permanent Link: http://ufdc.ufl.edu/CA00100700/00001
 Material Information
Title: Editorial - Tickets
Physical Description: Newspaper editorial
Language: English
Publisher: Sunday Stabroek, 24 August 2008, page 6
Publication Date: 2008
Subject: Caribbean
Abstract: Editorial comments on the distribution of tickets for CARIFESTA X 2008.
Funding: Digitized with funding from the Digital Library of the Caribbean grant awarded by TICFIA.
 Record Information
Bibliographic ID: CA00100700
Volume ID: VID00001
Source Institution: Caribbean Community (CARICOM) Secretariat
Holding Location: Caribbean Community (CARICOM) Secretariat
Rights Management: All rights reserved by the source institution.
Resource Identifier: CARIFESTA X 2008

Full Text

Page 6

SUNDAY STABROEK, August 24, 2008

,m* .

Editor: Anna Benjamin
Published every Sunday
By Guyana Publications Inc.
46/47 Robb Street, Lacytown, Georgetown
Tel: 226-7206, 226-2333, 227-4080

A letter from Mr Louis Holder in our edition on
Friday criticized the issuing of free tickets for
Carifesta events. It is a position not without merit,
despite the fact that the decision to allow free access
to all performances was inspired by the very best of
motives. Using the economic argument, Mr Holder
categorized tickets as a scarce commodity going on to
say that price was "the tool used by society to allocate
its scarce resources." Correct pricing, therefore,
could equate to efficient allocation. "Those who don't
value the commodity at its price level would not use
it," he wrote, "resulting in adequate supplies for
those who place an equal or higher value on it. Under
these conditions, there are no shortages. However,
when priced below that equilibrium level, shortages
occur as consumers willing to pay more because they
value it more than the price, cannot satisfy their

He then went on to argue tha
there be a shortage of tickets a"
method of free distribution, but pi
would also be empty seats when it

value and no co
up. The validity
which reigned f
on Wednesday.
distribution res
hundreds of pat

it not only would
available using the
iradoxically, there
came to the actual

because the tickets had no monetary
nsequences would attend not turning
y of his position, he thought, was
(among other things) by the chaos
or a time outside some ticket centres
As we reported, the initial delay in
ulted in a measure of confusion as
rons some of whom had been wait-

ing for hours milled around, and those with disor-
derly inclinations attempted to force their way into
thb nuuouoc



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