Posts Tagged ‘variable pricing’

  • taxi fares Uber surge market system

    How High Can a Taxi Fare Go?

    Dec 28, 13 • 677 Views • No Comments

    Tough to get in rain, ice or snow, NYC cabs never seem to be around when I need them. That is what makes Uber such a great story. First used in San Francisco, the idea behind Uber was to make more rides available when city licensing codes prohibited it. Since...  [read more]

  • The Market System: Parking Ideas

    Dec 27, 12 • 263 Views • No Comments

    Sort of like lunch, there is no such thing as a free parking space. It costs us dollars or time. Hoping to optimize so valuable a commodity, some cities are installing parking devices that use demand and supply to price spots. The approach resembles a...  [read more]

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    Movie Tickets

    Jan 5, 12 • 1463 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]

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    Restaurant Economics

    Apr 10, 11 • 236 Views • No Comments

    For a new restaurant in Chicago, Next, no one is sitting at the phone taking reservations. Instead, online, you can buy a ticket for a table seating 2 or 4 (not 3 or 5). According to Chicago Magazine, the tickets are nonrefundable, include the tip and tax,...  [read more]