Originally Posted by
mooper
Because the ticket is non-transferable an there is no secondary market, what people paid for other seats - even in the extreme where they forked over the full asking price of $20K each - is irrelevant. The worth of a seat is determined solely by what someone pays for that seat - not nearby ones.
Please refer to
my earlier post which uses detailed theorems to prove my point. Simply expand the first premise to: "A First Class seat is worth $20,000 round trip - when someone is actually sitting in it."
And your argument about "secondary markets" is irrelevant.