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Complex and systematic price discrimination is probably most easily seen in the models used to price airline tickets, which involves interesting decisions like
by fjp 7y ago
Complex and systematic price discrimination is probably most easily seen in the models used to price airline tickets, which involves interesting decisions like how many seats to initially reserve for business class, then how long you wait to open them up with non-business class pricing (upgrade your seat now for only $75!).
- appleiigs 7y agoA simple one is eBay's "Buy It Now".
- OJFord 7y agoI don't agree that's simple, nor (strictly) price discrimination. The most obvious added value is faster delivery: ship today instead of in X days/weeks when the auction ends. It also has weird value if you for some reason believe the BIN price is undervaluing the item, i.e. you can short-circuit the auction before anyone else realises.
- kristianc 7y agoIt’s often said that no two seats on an airline have exactly the same cost.