"a way to ensure that whoever needs it the most can pay to get it."
Unless they're poor, in which case it means they get the adventure of figuring out how to live without the resource. Inconvenient if we're taking about umbrellas. Outrage -inducing if we're taking about cancer drugs.
"If Wendy’s has the option to raise their prices when de…
"a way to ensure that whoever needs it the most can pay to get it."
Unless they're poor, in which case it means they get the adventure of figuring out how to live without the resource. Inconvenient if we're taking about umbrellas. Outrage -inducing if we're taking about cancer drugs.
"If Wendy’s has the option to raise their prices when demand is high, then customers can also benefit from lower prices when demand is low."
See, they talk about how the general public is ignorant and it's driving their opposition to policies that would make their life better, and then they say stuff that makes it clear that they left stuff like human psychology and empirical reality behind long ago. People are against surge pricing because they know there's *zero* chance it ends with lower prices when demand is low. It ends with current prices when demand is low, and higher prices when demand goes up. Nobody anywhere is going to leave that situation thinking they came out ahead.
The way I see it, if you don't like the price, goes elsewhere.Now when we are talking about someone like Martin Scarrelli (sic) and big pharma,THAT IS A PROBLEM.
I am not at all confident that firms will employ dynamic pricing to benefit the consumer. Their primary incentive is to improve their bottom line and appease their investors. But they have to sell it to their customers to keep them coming.
Agree agree agree. So welfare will be dynamic vis-a-vis the market? Sorry, I kid. The wonderful market will absolutely streamroll consumers given the neutered regulatory system we have today. It is predatory by design.
"a way to ensure that whoever needs it the most can pay to get it."
Unless they're poor, in which case it means they get the adventure of figuring out how to live without the resource. Inconvenient if we're taking about umbrellas. Outrage -inducing if we're taking about cancer drugs.
"If Wendy’s has the option to raise their prices when demand is high, then customers can also benefit from lower prices when demand is low."
See, they talk about how the general public is ignorant and it's driving their opposition to policies that would make their life better, and then they say stuff that makes it clear that they left stuff like human psychology and empirical reality behind long ago. People are against surge pricing because they know there's *zero* chance it ends with lower prices when demand is low. It ends with current prices when demand is low, and higher prices when demand goes up. Nobody anywhere is going to leave that situation thinking they came out ahead.
The way I see it, if you don't like the price, goes elsewhere.Now when we are talking about someone like Martin Scarrelli (sic) and big pharma,THAT IS A PROBLEM.
I am not at all confident that firms will employ dynamic pricing to benefit the consumer. Their primary incentive is to improve their bottom line and appease their investors. But they have to sell it to their customers to keep them coming.
Agree agree agree. So welfare will be dynamic vis-a-vis the market? Sorry, I kid. The wonderful market will absolutely streamroll consumers given the neutered regulatory system we have today. It is predatory by design.