U.S. v. MOUNT

No. 92-1087.

966 F.2d 262 (1992)

UNITED STATES of America, Plaintiff-Appellee, v. John R. MOUNT, Defendant-Appellant.

United States Court of Appeals, Seventh Circuit.

Decided June 25, 1992.


Attorney(s) appearing for the Case

Norman R. Smith, Asst. U.S. Atty., Suzanne M. Wissmann, argued, Criminal Div., Fairview Heights, Ill., for U.S.

Edward R. Joyce, argued, St. Louis, Mo., for John R. Mount.

Before CUDAHY, EASTERBROOK, and RIPPLE, Circuit Judges.


EASTERBROOK, Circuit Judge.

Ticket scalpers, like arbitrageurs in stock markets and dealers in gems, move assets in scarce supply toward those willing to pay the most for them. If promoters of an opera or rock concert underestimate the demand for the tickets and set prices too low, the initial buyers make a profit, while scalpers receive compensation for the service of moving the tickets from those who first acquire them to those who value them more highly. Promoters...

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