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Think about someone picking up, e.g., half of a store's supply of Snickers. This increases local demand for Snickers right now and the supply doesn't change. Su
by jarek 12y ago
Think about someone picking up, e.g., half of a store's supply of Snickers. This increases local demand for Snickers right now and the supply doesn't change. Surge pricing suggests that this is a good time to increase price. Then the same is true, though to a lesser degree, when someone picks up one bar.
(Though sorites paradox.)
- md2be 12y agoDouble the price of gas during a crisis? It's called price gauging. Put lipstick on a pig, it's still a pig
- jarek 12y agoIt's a good thing there are many protests against the rising price of chocolates right before Valentine's Day. The gas price doublers might get the news and the local representatives being outraged, but, empirically, few care about smaller instances of price discrimination.