Posts Tagged ‘dynamic pricing’

  • Price Elasticity, dynamic pricing and traffic congestion

    How Much Will You Pay For the HOT Lane?

    Mar 7, 14 • 1000 Views • No Comments

    The results of dynamic tolling appear to be surprising the Florida Department of Transportation. Alone in your car on Florida’s I-95, you no longer have to remain in slow moving traffic. For a price, you can enter a HOV (High Occupancy Vehicle) lane......  [read more]


    Dynamic Pricing: Should the Time Determine the Price of Your Meal?

    Oct 19, 13 • 1135 Views • No Comments

    A 12:00 lunch at the Goldman Sachs cafeteria will cost you more than a 1:30 meal. The problem was the long lines. Standing in line for even just 10 minutes a day means 50 minutes a week, 200 minutes a month…you get it. The opportunity cost is huge for......  [read more]

  • Dynamic Pricing for Tickets Displays the Power of Prices

    Big Ten Tickets

    Dec 9, 12 • 577 Views • No Comments

    For $75 you can see all 9 Big Ten Conference basketball games…Maybe. Here’s the story. If you buy a Golden Ticket online from the Minnesota Golden Gophers, you can attend up to 9 Big Ten games but only if Minnesota wins every time you attend. If......  [read more]

  • Prices convey information.

    Speed Pricing

    Sep 6, 12 • 619 Views • No Comments

    What does a price tell you? Assume that you were going to purchase a GE Advantium 120 microwave oven on Sunday, August 12. Comparing Sears, Best Buy and Amazon’s sellers at 3 a.m., you would have seen, respectively, $899.99, 809.99 and 744.46. At......  [read more]

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    Movie Tickets

    Jan 5, 12 • 3305 Views • No Comments

    Should you pay more to see a blockbuster film during the Christmas holidays when movie going peaks? Less for an obscure foreign film? More on Saturday and at 7 pm? Less on Tuesday and 11 am? The issue is variable pricing. In this paper, several researchers......  [read more]