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I think pricing for a lot of things has a large component of historical pricing in it. My favorite example: the price of books in the US and Canada. Just grab
by colomon 14y ago
I think pricing for a lot of things has a large component of historical pricing in it.
My favorite example: the price of books in the US and Canada. Just grabbed a random recent hardcover off my shelves. It's labeled "USA $25.95 Canada $32.50". I believe that price differential got established back when the US dollar was worth $1.25 Canadian -- but it still exists, even though the two currencies are now roughly on par. It's the exact same product with what is effectively a 25% markup for Canadians for no good reason.
- bencxr 14y agoThis may be true to some degree, but I suspect less than it would suggest. Not all the bookshops follow the price on the cover.
- colomon 14y agoTrue, but that's true in the US too. Unless you're suggesting many bookstores in Canada routinely offer a 25% discount on most books, my point still holds.