Tag: Dynamic Pricing

The CMA’s Paper on Pricing Algorithms, Collusion and Personalised Pricing |  The National Law Review

The CMA’s Paper on Pricing Algorithms, Collusion and Personalised Pricing | The National Law Review

On 8 October 2018, the UK Competition and Markets Authority (“CMA”) published a Working Paper on the ‘use of pricing algorithms to facilitate collusion and personalized pricing’ (the “Paper”). It follows a number of other initiatives from competition authorities regarding algorithms, including the recent German Monopolies Commission’s proposals regarding pricing algorithms, which was the subject […]

Morrisons, Verizon, Pinterest: Everything that matters this morning | Marketing Week

Morrisons, Verizon, Pinterest: Everything that matters this morning | Marketing Week

Government launches inquiry into online pricing The government is launching an inquiry into online pricing that will look into how personal data can be used to set individual prices for items such as holidays, cars and household goods. The research, conducted by the competition watchdog, will consider the use and prevalence of ‘dynamic pricing’ and […]

Meru CEO on how its new marketplace model beats surge pricing | CIO

Meru CEO on how its new marketplace model beats surge pricing | CIO

Meru’s win-win formula If you look at a typical marketplace, it allows the supplier to set the price.  For instance, a hotel aggregator doesn’t mandate all 5-star hotels to offer the same price. However, if you look at the shared mobility space, the price is decided by the cab aggregator – there are fixed slabs […]

Disney World changes ticket prices and how to buy them | myAJC

Disney World changes ticket prices and how to buy them | myAJC

Walt Disney World is changing its ticket structure by moving to date-based pricing that reflects the expected demand on specific days. It’s also introducing a new platform on which to make those purchases. The changes and additions, including the price to enter the parks, kick in Oct. 16. At that time, a one-day, one-park ticket […]

Uber launches new subscription service across five US cities | City A.M.

Uber launches new subscription service across five US cities | City A.M.

Ride-hailing app Uber has rolled out a new subscription scheme across five US cities. Based on subscriptions, the new ride pass will allow members to avoid surge pricing, when fees peak at rush hour and at other times when demand is high. The lowest monthly subscription comes in at $14.99 (£11.55) in Austin, Denver, Miami […]

Use of personal data to ‘rip off’ online shoppers sparks inquiry | The Guardian

Use of personal data to ‘rip off’ online shoppers sparks inquiry | The Guardian

The government is launching an inquiry into the use of personal data to set individual prices for holidays, cars and household goods, amid rising fears of a consumer rip-off. The research, supported by the competition watchdog, will explore the prevalence of “dynamic pricing” based on information gathered about an individual, such as location, marital status, […]

Capping petrol price ‘will hit profit and lead to job losses’, fuel retailers warn | BusinessDay

Capping petrol price ‘will hit profit and lead to job losses’, fuel retailers warn | BusinessDay

The Fuel Retailers Association, representing more than 2,500 fuel retailers, has hit back at the government’s proposal to cap the price of 93 octane petrol, claiming it will cut into wafer-thin profit margins and accelerate job losses in the sector. In a bid to ease the pressure high petrol prices are putting on consumers, the […]

Flight Ticket Prices: CCI Probing Alleged Fixing Of Airfares Using Algorithm By Airlines | Bloomberg

Flight Ticket Prices: CCI Probing Alleged Fixing Of Airfares Using Algorithm By Airlines | Bloomberg

The Competition Commission of India is looking at algorithms used by airlines to determine fares, as part of a detailed probe into alleged fixing of air ticket prices, the regulatory body’s chief Sudhir Mital said. Currently, the fair trade regulator is investigating allegations of similar pricing as well as simultaneous increase in ticket prices by […]

Price war – The frantic pace of price changes | KnowTechie

Price war – The frantic pace of price changes | KnowTechie

Retail, whether online or at a physical store, is becoming increasingly competitive. Online stores forced traditional retailers to lower prices to stay competitive. Now, many brick & mortar chains are using the same pricing technology as online retailers and the price war is becoming a vicious cycle. The Increasing Frequency of Price Changes Online and […]

Lime Gearing Up to Add Cars to Its Fleet of Bikes and Scooters | Digital Trends

Lime Gearing Up to Add Cars to Its Fleet of Bikes and Scooters | Digital Trends

Lime is already running a bikesharing scheme in Seattle, though city officials have so far prevented scooter-based schemes from operating there. Carsharing offers fast rentals via a smartphone app and in many cases is more convenient than dealing with a traditional car-hire firm, which requires a visit to a specific office and the completion of paperwork […]