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The point of personalized pricing, which is what this bill addresses, is to identify consumers who won't shop around and give them higher prices. You can't com
by elil17 5mo ago
The point of personalized pricing, which is what this bill addresses, is to identify consumers who won't shop around and give them higher prices.
You can't compete that away because the consumers being hurt aren't sensitive to competition (for example, they don't have a car and therefor can't get to a different grocery store). It's an inherently anti-competitive practice.
I agree that temporal dynamic pricing might be good in some circumstances, but this bill doesn't ban it.
- estearum 5mo agoAnti-competitive doesn't mean "benefits from lack of competition."
- elil17 5mo agoRight, anti-competitive practices are where a business tries to limit competition. And dynamic pricing is anti-competitive because businesses are essentially algorithmically identifying customers whose business they don't need to compete for, and then charging them non-competitive prices.