Posts Tagged ‘yield management’

  • Prices convey information.

    Speed Pricing

    Sep 6, 12 • 233 Views • Businesses, Demand, Supply, and Markets, Economic History, Regulation, Thinking Economically, UncategorizedNo 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

  • Dynamic Pricing for Tickets Displays the Power of Prices

    Broadway and Airlines

    Nov 26, 11 • 207 Views • Businesses, Demand, Supply, and Markets, Economic History, InnovationNo 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

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    Baseball Games and Airline Fares

    Jun 29, 10 • 173 Views • Businesses, Demand, Supply, and Markets, Economic DebatesNo Comments

    How much will the San Francisco Giants charge for a baseball ticket? It all depends on, “past ticket sales, the day and time of the game, the teams’ records, the pitching match-up, the weather, the going rate on resale Web sites like StubHub and