OnDemand WTP Pricing Research

Tag: Price Discrepancies

Smart pricing could help make sure electric vehicles don’t overwhelm grid | Energy News Network

Smart pricing could help make sure electric vehicles don’t overwhelm grid | Energy News Network

Time-of-use rates Specifics vary, but basically time-variant rates mean electric customers pay more for electricity during peak hours and less during off-peak hours. ComEd and Ameren offer customers hourly pricing programs based on real-time wholesale market prices, which means rates can spike unexpectedly, but utilities could also implement time-of-use programs where they predetermine rates based […]

Target updates app after pricing dispute | Retail Dive

Target updates app after pricing dispute | Retail Dive

Dive Insight: As much as retailers say they’re moving toward a world where the customer experience is consistent across all channels — be they stores, online or on mobile — dynamic pricing is one major tactic standing in the way. For brick-and-mortar mass merchandisers like Target and Walmart, though, competing with Amazon on price is essential to […]

Funeral companies told to make fees transparent | The Times

Funeral companies told to make fees transparent | The Times

Funeral directors have been ordered to publish their full fees online after concerns about the soaring cost of services. An investigation into the prices of cremations and burials has led the National Association of Funeral Directors (NAFD) to change its code of practice to force all members to be more transparent about charges. The pledge […]

How Is AI Is Empowering Sales | CIO Applications

How Is AI Is Empowering Sales | CIO Applications

Companies are using artificial intelligence and Machine Learning in all possible ways to advance their businesses. AI monitors a customer’s online activity to predict and suggest certain products which are relevant to the customer. Companies need to identify the different types of data sets that can be combined to portray the complete picture of the customer […]

Renting a Car With a Debit Card? It Just Got Much Easier | Intelligencer

Renting a Car With a Debit Card? It Just Got Much Easier | Intelligencer

If Dollar and Thrifty are right about debit cards and customer risk — it’s worth noting, the past debit-card-using customers whose behavior they’ve analyzed comprise a specific set of debit-card holders who have been willing and able to jump through hoops like passing credit checks before rental — then they are making a smart play […]

Artificial intelligence, algorithmic pricing, and collusion | VOX

Artificial intelligence, algorithmic pricing, and collusion | VOX

Remember your last online purchase? Chances are, the price you paid was not set by humans but rather by a software algorithm. Already in 2015, more than a third of the vendors on Amazon.com had automated pricing (Chen et al. 2016), and the share has certainly risen since then – with the growth of a […]

Algorithms Are Better Than We Thought – They Can Collaborate Into Cartels | The Continental Telegraph

Algorithms Are Better Than We Thought – They Can Collaborate Into Cartels | The Continental Telegraph

Antitrust agencies are concerned that the autonomous pricing algorithms increasingly used by online vendors may learn to collude. This column uses experiments with pricing algorithms powered by AI in a controlled environment to demonstrate that even relatively simple algorithms systematically learn to play sophisticated collusive strategies. Most worrying is that they learn to collude by […]

Prices inched up for high-spending households in the December quarter | Share Chat NZ

Prices inched up for high-spending households in the December quarter | Share Chat NZ

High-spending households were hit by rising airfares and rental car costs in the December quarter while lower spending ones got some relief from cheaper vegetables. High-spending households saw their cost of living lift 0.2 percent on the quarter while the lowest-spending ones saw it dip 0.1 percent, Statistics New Zealand said. High-spending households were hit […]

Target’s app charges higher prices to customers near a store, report says | St. Paul Business Journal

Target’s app charges higher prices to customers near a store, report says | St. Paul Business Journal

Target Corp’s smartphone app allows the retailer to automatically charge higher prices to customers based how close they are to a store, according to a new report. An investigation from KARE-11 found that, if a customer has his or her location services turned on, Target’s app may offer a higher price on certain items if […]

Wednesday’s polar vortex could bring boom or bust for ride-share and taxi drivers | Chicago Tribune

Wednesday’s polar vortex could bring boom or bust for ride-share and taxi drivers | Chicago Tribune

Both the Uber and Lyft ride-sharing services experienced surge-pricing on Monday, which occurs when high demand causes prices to spike. But Wednesday, many offices will be shuttered and schools will be closed. It remains to be seen whether the streets will be deserted, or whether there will be people hailing rides because they don’t want […]