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Illustration: Rebecca Zisser/Axios

In the U.S. restaurant industry, tips have won. Everybody would benefit if they went away, but there's a collective action problem. So long as most restaurants collect tips, those restaurants' prices seem lower, and service-included rivals find it impossible to compete.

Ticket pricing, it turns out, works the same way. Everybody hates the "service" and "fulfillment" and other fees that get tacked on to ticket prices, but no one can afford to be the first mover.

"This is a textbook place where a regulator could make a big difference,” MIT’s Sara Fisher Ellison chimed in, suggesting the FTC just mandate that all ticket sellers use the same up-front all-in pricing so that no one company would be taking the risk of seeming more expensive than the others in Google search results. Essentially every person on the panel agreed, appearing to politely beg the FTC to regulate them.
— "How ticket fees got so bad, and why they won't get any better," by Kaitlyn Tiffany, Vox

If it wanted to, the FTC could solve this collective action problem. But it doesn't seem so inclined — even as the industry itself is begging it to do so.

Go deeper: Yes, some companies actually want to be regulated

Go deeper

Study: Fear of debt keeps Latinos out of college

Illustration: Aïda Amer/Axios

Fear of never being able to pay off school loans is keeping many young Latinos in the U.S. from going to college or completing a degree, according to a report published in September.

State of play: Latinos tend to have more difficulty repaying school debt than white student borrowers, according to Federal Reserve data, at the same time that they need more loans in order to afford tuition.

21 mins ago - World

Scoop: Biden administration objects to Israeli settlements plan

Israeli PM Naftali Bennett (L) meets with Secretary of State Tony Blinken. Photo: Olivier Douliery/Pool/AFP via Getty

The Biden administration has privately protested to the Israeli government over its plan to approve the planning and construction of more than 3,000 new housing units in the Israeli settlements in the occupied West Bank, sources briefed on the issue tell me.

Why it matters: The approvals for new homes in the settlements will be the first since President Biden assumed office, and come after Biden and his top aides personally pressed Israeli Prime Minister Naftali Bennett to restrain settlement activity and decrease the number of new housing units.

2 hours ago - World

Pentagon warns of ISIS-K capabilities outside Afghanistan

The site of an airstrike conducted by the U.S. against a planner for ISIS-K in Nangarhar province, Afghanistan in August. Photo: Xinhua via Getty Images

U.S. intelligence believes ISIS-K has the "intent" to eventually launch attacks outside of Afghanistan and could be capable of doing so "somewhere between six or 12 months," a top Pentagon official told senators Tuesday.

Why it matters: The U.S. withdrawal and subsequent Taliban takeover of Afghanistan has raised fears that terrorist groups will reconstitute and potentially pose a renewed threat to the U.S. homeland.