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> "we think you can pay more, so we'll charge you more" type of thing. Is that a good/bad/ethical/predatory thing? Econ101 says it’s a bad thing because of the
by mr_toad 1y ago
> "we think you can pay more, so we'll charge you more" type of thing.
Is that a good/bad/ethical/predatory thing?
Econ101 says it’s a bad thing because of the deadweight loss occurring versus a single market price.
It also arrogates a lot of consumer surplus to the producer (the airline), which many would argue is bad from an ethical and inequality point of view.