Displaying Disney’s pricing power, they will implement dynamic pricing for 1-Day tickets and as do the airlines, Amazon and Uber.
With the growth of online shopping and the cardboard containers used to ship all we buy, we are creating a long list of externalities that affect us daily.
Dynamic pricing at Amazon, the Indianapolis Zoo and a Dallas toll road displays how price influences buyer and seller behavior.
Although firms and countries have family friendly policies with generous paternity and maternity leave, the impact has harmed women’s chances for promotion.
For consumers and retailers, decisions about delivery speed and price involve tradeoffs with each hoping to minimize the cost and maximize the purchase.
Regulation of innovations like drones can take us back to old economic principles like property rights that have supported the market system for centuries.
Because free shipping creates pressure on retailers to send parcels more cheaply, UPS has had to lower costs by increasing processing productivity.
Displaying some pricing power, dynamic pricing on Amazon, for airlines, Uber and elsewhere recognizes and responds to changes in demand to maximize profits.
Seeing the Alibaba IPO in the headlines, I wanted to share these excerpts from a 2006 CNN interview of Jack Ma: About his firm’s name: “One day I was in San Francisco in a coffee shop, and I was thinking…