Tag: Price Discrepancies

Uber explains price hike during Merseyrail strike – and how you can get cheaper fares | Liverpool Echo

Uber explains price hike during Merseyrail strike – and how you can get cheaper fares | Liverpool Echo

Uber has explained why its prices surged this morning – after the ECHO discovered fares had gone up dramatically during the Merseyrail strike . We were quoted a price of up to £24 for a 4.3 mile journey – as Uber admitted its fares “were a lot higher” today, with rail services hit by strike […]

Sorry, Ald. Beale. Regulating Uber and Lyft surge pricing would hurt consumers. | Chicago Tribune

Sorry, Ald. Beale. Regulating Uber and Lyft surge pricing would hurt consumers. | Chicago Tribune

On the morning of Aug. 15, thousands of Red, Brown and Purple line commuters were left stranded after a dead body was found on the elevated tracks near the Fullerton station. Those who were able to summon Uber or Lyft cars on their smartphones were, in some cases, reportedly charged more than $100 for rides […]

True price of an Uber ride in question as investors assess firm’s value | Reuters

True price of an Uber ride in question as investors assess firm’s value | Reuters

RECKONING SOON? Uber’s losses stem from its drive to win global market share at almost any cost. That strategy was built on the assumption that Uber could achieve a dominant position in many big cities quickly and eventually raise prices. Kalanick himself said low fares were temporary. But eight years in, the strategy is now […]

Airfare to Gulf skyrockets | The Hindu

Airfare to Gulf skyrockets | The Hindu

The airlines are also cashing in on the demand for seats from NoRKs as educational institutions in West Asia reopen in the first week of September after the summer vacation. The airfares have been increased after Thiruonam that falls on September 4 under dynamic pricing. The hike has hit labourers and low-income NoRKs working in […]

Try as it might, LTFRB can’t repeal the law of supply and demand | Rappler

Try as it might, LTFRB can’t repeal the law of supply and demand | Rappler

Regulating ‘surge pricing’ Market prices orchestrate the decisions of consumers and producers. In the case of Uber and Grab, riders want to hail vehicles when prices are low, while drivers want to ply the streets when prices are high (or “surge”). Governments worldwide are particularly keen to regulate “surge pricing.” It is often taken as […]

Electronics fast losing online advantage | ETtech

Electronics fast losing online advantage | ETtech

Price of products of big electronic brands such as LG, Samsung, Sony, Panasonic, Lenovo, Motorola and Xiaomi are becoming common across online and brick-and-mortar stores, removing the distinctive advantage which used to draw consumers to online deals. While brands like LG, Samsung, Sony and Panasonic have entered into business relationship with the e-commerce marketplaces to […]

If It’s Tuesday, There Must Be Two New Private Jet Card Companies | Forbes

If It’s Tuesday, There Must Be Two New Private Jet Card Companies | Forbes

You can get a refund at any time, however, there isn’t an escrow account, something that is not uncommon. Lead time for reservations is 12 hours and 72 hours for peak periods, although there are no formal peak days, so it is more of a request. It is dynamic pricing, so you don’t have guaranteed […]

How ‘Gaming’ the System Helped This Business Get Thousands More Customers | Entrepreneur

How ‘Gaming’ the System Helped This Business Get Thousands More Customers | Entrepreneur

Sometimes it’s busy, sometimes it’s slow. Such is the nature of running nearly any kind of business. Off-season lulls seem to drag on forever, and bad weather causes customers to change their plans and spend their dollars elsewhere. Simply offering a coupon, sale, matinee price or happy hour doesn’t always cut it. Even dynamic, demand-based […]

Paradox: Pricing is difficult “when the world is constantly changing” | GamesIndustry.biz

Paradox: Pricing is difficult “when the world is constantly changing” | GamesIndustry.biz

Back in June, Paradox Interactive found itself set upon by frustrated consumers after eagle-eyed fans realised the publisher had raised its prices in certain regions around the world. The cost for select games rose by as much as 40%, with the firm later explaining that adjustments had been made to “create a more equal price […]

Do Airline Sites Track Your Habits? | Men’s Fitness

Do Airline Sites Track Your Habits? | Men’s Fitness

IT’S TRUE, SAYS Johnny Jet, of the travel site johnnyjet.com. It’s called “dynamic pricing”—firms track your online browsing, and adjust prices according to factors like your eagerness to buy, your online purchases, even where you live. Be wary, he says, of aggregator booking sites like Priceline, Kayak, and Orbitz, the last of which was found […]