3 ms·
> Dynamic pricing is a good thing I'm not sure dynamic pricing is necessarily pareto improving (I think this might be what you mean by "is a good thing"? For f
by tomrod 5y ago
> Dynamic pricing is a good thing
I'm not sure dynamic pricing is necessarily pareto improving (I think this might be what you mean by "is a good thing"? For folks that are learning this lingo, pareto improving -- at least one party better off and none worse off). I'd have to think through it a bit.
- colinmhayes 5y agoPlenty of good things are not pareto improvements. If someone is a little worse off but someone else is much better off that is a good thing.
- tomrod 5y agoI believe that depends on the ethical system you espouse. Egalitarianism, yes. Utilitarianism, not necessarily (so-called utility monster). And so on.
- hammock 5y agoIt's definitely not. This is why the welfare effect is described in the abstract as having directionality