16 days ago by Bhagwad Jal Park

Setting a price on your product or service can be one of the most difficult decisions a marketing manager can make. Different people value your product differently. Most of the time, it is impossible to get accurate information regarding the percentage of your target market that are willing to pay a ...

Amateur Economists - amateureconomists.com/blogs · Rank: 45,187 · 14 references

27 days ago by Content Keyword RSS

My Bangkok update will be a little slow – immediately after I reached home on Thursday afternoon, I am confronted with the fact that I’ve a Price Theory mid-sem test next Tuesday and I’ve done absolutely nothing about it. :) No panic buttons pressed yet though, as our lecturer has supposedly kindly ...

Acupuncture Benefits - acupuncture-benefits.com

31 days ago by Ric Willmot

The rising cost of fuel (gasoline) has had a major impact on the transport industry, recently. Diesel (distallate) is reaching record levels, especially here in Australia. Transport and logistics is critical to business. Nothing much happens in commerce without a truck being involved in some manner, ...

Executive Wisdom for Business - ricwillmot.com/executive_wisdom · 1 reference

36 days ago by Daniel Hamermesh

Who hasn't heard an airline gate attendant announce, "We are in an overbooked situation and are offering $xxx to anyone willing to give up a seat and take a later flight?" The problem with this announcement for the airlines is that there is often a rush of people supplying seats - the $xxx is [...]

Freakonomics - freakonomics.blogs.nytimes.com · 2 references

66 days ago by Stephen J. Dubner

We've written repeatedly about pay-as-you-wish commerce or honor-system payment schemes, ranging from music to bagels to coffee. A reader named Seth sent in an interesting new example, all the more so because it shows how one firm is using the pay-as-you-wish mechanism as an experiment to find a goo ...

Freakonomics - freakonomics.blogs.nytimes.com · 69 references

66 days ago by Stephen J. Dubner

We've written repeatedly about pay-as-you-wish commerce or honor-system payment schemes, ranging from music to bagels to coffee. A reader named Seth sent in an interesting new example, all the more so because it shows how one firm is using the pay-as-you-wish mechanism as an experiment to find a goo ...

Freakonomics - freakonomics.blogs.nytimes.com · 2 references

71 days ago by Daniel Hamermesh

I'm on our annual beach week with the extended family in New Jersey and the beach patrol comes by insisting I buy beach tags for everyone 12 and over. The prices are: $6 for one day, $12 for one week, or $24 for the season (but only $19 for the season if bought before [...]

Freakonomics - freakonomics.blogs.nytimes.com · 2 references

88 days ago by Freakonomics

Fares for a trip to Goree Island in Senegal (the Communaute Financiere Africaine franc, CFA, is the Senegalese currency) break down like this: Foreigners: Adults- CFA 5,000 (US $13) Children- CFA 2,500 (US $6) Africans: Adults- CFA 2,500 (US $6) Children- CFA 1,500 (US $3.60) Senegalese: Adults- CFA ...

Freakonomics - freakonomics.blogs.nytimes.com · 2 references

98 days ago by Annika Mengisen

Lucian Freud's painting Benefits Supervisor Sleeping recently set a sale record for a living artist at $33.6 million. Does this symbolize a thriving art market, is it a happy exception, or is it even worth the price? According to one estimate, the money paid for the painting could have paid for 20 m ...

Freakonomics - freakonomics.blogs.nytimes.com · 2 references

113 days ago by Jason Welker

All of Inflation’s Little Parts - The New York Times This is really cool… The Bureau of Labor Statistics releases monthly data on prices to let Americans know just how much inflation affects their livelihoods. The Consumer Price Index, which is studied in both AP and IB Economics, consists of a “bas ...

Welker's Wikinomics Blog - welkerswikinomics.com/blog · 17 references