Tag: Price Discrimination

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 […]

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 […]

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 […]

Soon, new fares for cabs | Bangalore Mirror

Soon, new fares for cabs | Bangalore Mirror

The transport department is making one more attempt to fix minimum fare for taxis operated by the taxi aggregator. A proposal will be sent to the state government in this regards. Transport commissioner B Dayananda claims the proposed fare structure would end the practice of surge pricing and peak time pricing by the aggregators. This […]

Uber drivers gang up to cause surge pricing, research says | The Telegraph

Uber drivers gang up to cause surge pricing, research says | The Telegraph

Uber drivers team up in gangs to force higher prices before they pick up passengers, research has revealed. Researchers at the University of Warwick found Uber drivers in London and New York have been tricking the app into thinking there is a shortage of cars in order to raise surge prices. According to the study. drivers manipulate Uber’s algorithm […]

Uber drivers work together to create price surge and charge customers more, researchers find | The Independent

Uber drivers work together to create price surge and charge customers more, researchers find | The Independent

Uber drivers are deliberately going offline in unison so that prices surge and they can charge customers more when they log back into the app, according to new research. Uber’s so-called dynamic pricing model means that it responds to supply and demand, increasing the cost of a trip at busy times such as when bars […]

Bhopal: Not GST, dynamic pricing pain in the neck, say air travellers | Free Press Journal

Bhopal: Not GST, dynamic pricing pain in the neck, say air travellers | Free Press Journal

Bhopal: Business class passengers travelling to Delhi, Mumbai or Lucknow from Bhopal by air will have to shell out more money for their tickets after the implementation of Goods and Services Tax (GST). However, economy class travel has become cheaper. However, air passengers say it is not the GST but dynamic pricing that is the […]

Prices of staple foods soar in spite of harvesting period | Daily Trust

Prices of staple foods soar in spite of harvesting period | Daily Trust

The least retail prices for about four or five tubers of each item sell for N200 depending on the sizes. At Iddo market in Mainland Local government, a bag of beans sells for N48,000 and N49, 000 while a paint bucket sell for N1,300 and N1,350 and derica cup, N350 and N360 respectively. A 50kg […]