18 days ago by Stephen J. Dubner

Adriano Dutra Teixeira, a Brazilian economist, sent us this photo from a restaurant. As he translates: “Social Responsibility: 50% discount on meal for clients over 70 or bariatric surgery (stomach reduction).” He adds: I thought it was hilarious! So I wrote a blog post with a microeconomic approach ...

Freakonomics - freakonomics.com · Rank: 217 · 1325 references

19 days ago by Rags Srinivasan

What is the price? The question almost all of us ask before we make our buying decision. Is the price right? That we do not know. But we want to see the price. Hence there are posted prices everywhere you go. Price tags on the garments Price labels on store gadget displays Prices written on [...]

Iterative Path - iterativepath.wordpress.com · 34 references

29 days ago by CHEconomics

A former QANTAS economist has proposed that overweight people should pay more to fly. When you fly you are given a weight limit for you luggage. A base amount might be 20Kg or 23Kg, which is not that much for a long trip. Ryanair charge €12 per Kg for overweight bags (and more for each extra bag). A ...

CHEconomics - christshospitaleconomics.blogspot.com · Rank: 187,013

31 days ago by MisterMarsh

Here are just a few links from Tutor2u Try booking flights from Shanghai (SHA) to Bangkok (BKK). You have to find the most expensive and cheapest price. What’s the most expensive and cheapest price to see a movie in Shanghai? How many market segments are there? How many different bottled “sports” wa ...

Marshy's Magazine - marshysmagazine.com

37 days ago by readingbyeugene

Derek Thompson over at The Atlantic has some great answers this basic question: why do movie tickets cost the same, regardless of the budget of the film? After all, shouldn’t supply and demand dictate prices? Why should you pay the same $12 to see a low budget Indie film vs. a Hollywood blockbuster? ...

Books I Read - readingbyeugene.com · Rank: 16,729 · 18 references

52 days ago by Michael James

A friend I’ll call Jerry recently complained about his Maclean’s magazine subscription: "I see via your magazine insert I can order a year's subscription for Ontario for $53.62 (tax included) whereas I just recently paid $70.86 to renew mine! While I can understand the ‘bonus gift’ difference, I am ...

Michael James on Money - michaeljamesmoney.blogspot.com · Rank: 30,952 · 76 references

53 days ago by Richard Reisman - Teleshuttle Corporation

I commented at NYTimes.com on Tom Friedman's 12/18 column that suggested the emergence of a new level of democracy in many domains, in which consumers are gaining more equal power with organizations of all kinds. We are only at the beginning stages of this (as Friedman quotes Dov Seidman): "when peo ...

The FairPay Zone - fairpayzone.com · 1 reference

70 days ago by Stephen J. Dubner

If you were shopping on Amazon.com last night for a Fisher-Price “My First Dollhouse” with a Caucasian family, you would have been asked to pay $63.99: If, however, you wanted to buy what looks to be a nearly identical “My First Dollhouse” with an African-American family, the price was only $37.99: ...

Freakonomics - freakonomics.com · Rank: 217 · 1325 references

77 days ago by Rags Srinivasan

Sometime during many of the obligatory Thanks Giving conversations, an elderly relative loudly wondered about the mysteries of Black Friday pricing. The sweater costs $29.99 at 6AM but if I buy the same sweater at 9AM it is $59.99. I mean, come on. It is the same sweater! What happens to the sweater ...

Iterative Path - iterativepath.wordpress.com · 34 references

102 days ago by mrpsuzhou

Good examples of price differentation, price discrimination, and elasticity issues here.

Mr. P of Suzhou - mrpsuzhou.com