Posts Tagged ‘price discrimination’

  • Restaurants' have some monopoly characteristics that let them deal with no-shows and maximize their revenue.

    Using Economics To Deal With Restaurant No-Shows

    May 22, 14 • 477 Views • No Comments

    At one of my favorite restaurants in Nantucket, you can call at any time during the summer to get a 6:00 reservation. But if you want to eat at 7:30 or 9:00, you have to line up outside on that day. At 6:00, they start moving through the line to note your...  [read more]

  • The ROI From College

    Human Capital: The Cost of College

    Aug 24, 13 • 331 Views • No Comments

    Explaining his proposal to make colleges more “accountable and affordable,” President Obama said we need some criteria to rate schools. Why? Measures that would include tuition, graduation numbers, and the proportion of enrolled lower income...  [read more]

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    Coupon Economics

    Apr 16, 11 • 251 Views • No Comments

    When Starbucks raised its prices during the beginning of 2010, it lowered the price of a tall regular to $1.70. But, if you wanted a splash of foam, a shot of espresso, or a touch of flavor, the addition could be expensive. For a triple grande soy vanilla...  [read more]