Today’s “Back to the Future” looks back to the 1911 Standard Oil Supreme Court breakup decision and then at Amazon’s antitrust concerns.
How to Develop a New Apple
Like iPhones and iPads, Cosmic Crisp apples were developed and tested and patented by scientists during many years of research.
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 There Is No Such Thing as a Free Coupon
Last week, I paid $25 for three hours at an NYC parking garage. Others though paid $50 for the same amount of time. We could say that it cost me less. But there is much more to the story. What…
When It’s Okay To Discriminate
Saying firms can’t refill and resell their cartridges, Lexmark International is fighting for printer cartridge patent protection in the Supreme Court.
Weekly Roundup: From Overbooked Flights to Immigration Fallacies
This week’s economic news summary included unexpected insight from credit scores, the natural resource curse, and what the bacon cheeseburger can tell us.
Dynamic Pricing: How To Lower Your Electric Bill
As monopolies, electric utilities have the pricing power that lets them offer dynamic pricing through smart meters but supply and demand will change slowly.
How Uber and Amazon Use Pricing Power
Displaying some pricing power, dynamic pricing on Amazon, for airlines, Uber and elsewhere recognizes and responds to changes in demand to maximize profits.
Will Conspicuous Consumption Add to iPhone 6 Sales?
As an oligopoly, through pricing power and product differentiation, Apple takes advantage of the conspicuous consumption customers could experience.
