Posts Tagged ‘elasticity’

  • Dynamic Pricing for Tickets Displays the Power of Prices

    Big Ten Tickets

    Dec 9, 12 • 469 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]

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    Movie Tickets

    Jan 5, 12 • 2565 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]

  • Dynamic Pricing for Tickets Displays the Power of Prices

    Broadway and Airlines

    Nov 26, 11 • 546 Views • No Comments

    Have you ever hesitated to book an airline reservation and, within moments, the price changed? Or, could you have known that delaying your purchase of a ticket to God of Carnage in LA last summer would have saved you almost $70? The reason is “dynamic......  [read more]

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    A Tank of Gas

    Apr 27, 11 • 576 Views • No Comments

    A tank of gas is not just a tank of gas. Isn’t it a spending decision? The national average for a gallon of regular is close to $3.88 and higher in California. July 2008 was the last time we dealt with 4 dollar gas. One economist estimated that 4 dollar......  [read more]

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    Now It’s Chocolate

    Mar 15, 11 • 411 Views • No Comments

    According to one recent news article, a Cadbury chocolate bar is missing 2 chunks but the price is the same. First we had a hedge fund trying to corner the cocoa bean market. Then came political turmoil in the world’s leading cocoa producer, the Ivory......  [read more]