Tag Archives: Price Discrimination

How Uber Uses “Surge Pricing” to Balance Supply and Demand, and the Psychology of “Gouging”

They won’t leave you stranded (From BusinessInsider.com: Uber Asked Customers — Including TV Host Michelle Beadle — To Pay 8 Times More Than Usual Last Night) Uber partitions each city they serve into zones and when the demand for rides in … Continue reading

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Concert Promoters Prefer Market Pricing While Claiming They Don’t

From the NYT:  Concert Industry Struggles With ‘Bots’ That Siphon Off Tickets No satisfaction The Background: Only a concert promoter can complain of too much demand for his goods and services and beg for prosecution of his most eager customers. … Continue reading

Posted in Economics, Price Discrimination, Pricing, Reservation Price, Technology, Ticket Reselling | Tagged , , , , , , | 2 Comments

More on Web-Based Price Discrimination

From The Economist:  Online Prices: Caveat Emptor.com Follow-up to a previous post:  It looks like the word is getting out, along with advice on avoiding higher prices.

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Orbitz Defends Price Discrimination

So, how much were you looking to spend? Our old friend Price Discrimination on the web makes another appearance. Orbitz‘s CEO Barney Harford defends the practice in the L.A. Times. As a buyer, I generally want potential sellers to not know anything … Continue reading

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