31–40 of 219 posts
Pricing will become increasingly adversarial. The Internet did too much to expose price differences to customers, so sellers are responding. Customers will need aggressive agents to price-shop on their behalf. Take hotel booking as one of the current nightmares of price visibility. Total price often isn't exposed until you show up at the hotel.
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> Banning a pricing model should be unconstitutional "Unconscionable contracts" and "Usury" called--you're behind on your debt and your kidney is being seized. :p There's also some not-so-fun history there when it comes to charging people based on their skin-color.
> While the law bans setting higher prices through surveillance pricing, it doesn’t address reducing prices. If a company raises its prices for everyone, and then offers individualized discounts, “suddenly you’ve arrived at the same outcome,” McBrien says. While I agree with the intent of this law, I don't think it will be effective. If you have a system capable of jacking prices up you can just multiply this calcula…
Why isn't this a good idea?
Earlier quoted context omitted.
> Banning a pricing model should be unconstitutional "Unconscionable contracts" and "Usury" called--you're behind on your debt and your kidney is being seized. :p There's also some not-so-fun history there when it comes to charging people based on their skin-color.
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> While the law bans setting higher prices through surveillance pricing, it doesn’t address reducing prices. If a company raises its prices for everyone, and then offers individualized discounts, “suddenly you’ve arrived at the same outcome,” McBrien says. While I agree with the intent of this law, I don't think it will be effective. If you have a system capable of jacking prices up you can just multiply this calcula…
>I don't think we will ever see such law, nor do I think this would be a good idea. Why isn't this a good idea?
It would also be costly to police.
If the problem is that a grocery store has a monopoly in an area, then that is a different problem fixed by adding grocery store(s).
Earlier quoted context omitted.
Do different Prime members get different prices?
https://dailydot.com/amazon-charging-more-prime-members It appears so, yes. And prime pays more per item.
>In short, an Amazon listing features prices not only offered by Amazon, but by other sellers. Some of these sellers may offer the items at a lower price, but the order will not be fulfilled by Amazon and won’t be subject to Prime’s shipping discounts and faster delivery.
If you're a prime member and logged it, it will prioritize purchases fulfilled by amazon and delivered with prime delivery. If you click "Other sellers on amazon" there will sometimes be sellers that are cheaper with shipping than purchasing through prime.
Gosh, I hope colleges don't find out about this pricing strategy.
They've been doing it for years; it's called "financial aid". It is literally the textbook example of how to get people to pay different amounts for the same thing based on what they are willing or able to pay.
It's also why the recent shift in immigration policy has affected top-tier universities so much: domestic education is, by and large, subsidized by international students who are almost exclusively admitted on a need-aware basis, allowing the schools to ensure the financials work out on paper.
Now that there's been a huge drop in international applications, they need to make up the loss in revenue, so they're shifting those costs back to domestic applicants.
This sounds crazy! Makes budgeting impossible! Imagine someone is on low income and doesn’t know how much the grocery shopping will cost! Whoever came up with this should be burned
Go to a food market in a developing country, and that is how it works. Everyone is haggling for everything all the time.