Lynne Kiesling over at Knowledge Problem picks up on the pricing strategies of a new restaurant in Chi-town (Next). Pretty cool stuff. As Lynne explains: But the pricing feature about which I will rhapsodize is, of course, the dynamic pricing: “Saturday at 8 PM will be more expensive than Wednesday at 9:30 PM”. This price [...]
Entries Tagged as 'Ticketing'
New pricing for Next restaurant experience
May 10th, 2010 · 1 Comment · Other Markets, Ticketing
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Convenience fees equals “monopoly rent”
September 3rd, 2009 · Comments Off · Economics, Market Definitions, Ticketing
I recently discovered NPR’s Planet Money and have been enjoying it enormously. This podcast in particular is quite good and discusses the economics of ticketing, something of interest to me. One very nice thing about the podcast is that they take the time to define basic economic concepts, like monopoly (or economic) rent. ~alex
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