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…

When the Price is Always Right

At two gas stations near Rotterdam, price is constantly changing. Using software that recognizes buying behavior, the retailers try to match the price to the customer. Those who are willing to pay more and those who cannot will each get appropriate price points. Done right, sales rise.…

What Happens When the Price Isn’t Right

Maybe 20% of all online prices change daily. Some even change every few minutes. When the Wall Street Journal compared Amazon, Sears and Best Buy, they saw intraday prices bounce between a low of $744.46 and a high of $899.99:   The year…

Weekly Roundup: From Songwriters to the Superrich

Our weekly roundup includes how productivity affects music industry writers, the surprising impact of cheap oil and how tech shapes what the superrich earn.

Disney’s Dynamic Pricing Power

Displaying Disney’s pricing power, they will implement dynamic pricing for 1-Day tickets and as do the airlines, Amazon and Uber.

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.