Still subject to the market’s supply and demand, the prices we pay could reflect a dynamic pricing phenomenon that we cannot see.
How Bruce Springsteen Should Price His Platinum Tickets
Rather than objecting to some very high Springsteen ticket prices, fans should recognize the economic ideas that justify them.
An Airfare Pricing Mystery
The airlines need to solve airfare pricing problems because their algorithms depend on historic data that is no longer relevant.
Why Taylor Swift Likes Slow Ticketing
Wondering why concert ticket prices have gone up during the past decade, we can look at Taylor Swift’s 2018 Reputation tour.
The Real Reason a Springsteen Ticket is Pricey
Observing all the laws of supply and demand, Broadway ticket revenue is hitting new highs because of scarce theater space and three blockbuster hits,
The Mystery of the Different Mac and Cheese Prices
When restaurants use dynamic pricing they can maximize revenue and diner flow by charging less on Mondays and more on Saturdays.
Why HOT Lanes are a Hot Topic
In the high-occupancy toll lanes outside of Washington D.C., you could pay close to $4.00 a mile. Just for a 9-mile stretch along Interstate 66, the toll has totaled $40.00. Should economists applaud? Controlling Congestion On December 5, 2017, commuters…
Weekly Roundup: From Smart Cars to Dumb Laws
This week’s economic news summary includes work week tradeoffs in France, new labor laws for the gig economy, and why price tags are disappearing.
Where Your Price Depends On Your Timing
Dynamic pricing at Amazon, the Indianapolis Zoo and a Dallas toll road displays how price influences buyer and seller behavior.