Economics Explored

Dynamic Pricing

Episode Summary

A conversation on the economics and ethics of dynamic pricing as used by Uber and airlines among other businesses.

Episode Notes

Economics Explained host Gene Tunny discusses dynamic pricing, which is used by Uber and airlines among other businesses, with his Adept Economics colleague Ben Scott. 

Resources mentioned in the conversation include:

Tim Harford's The Next Fifty Things that Made the Modern Economy

Uber and airline dynamic pricing models can be viewed as both fair and predatory

QPAC/QTIX to trial Uber-style surge pricing to boost revenue

Matching and Dynamic Pricing in Ride-Hailing Platforms

He has 17,700 Bottles of Hand Sanitizer and Nowhere to Sell Them

Dynamic pricing: Retailers using artificial intelligence to predict top price you'll pay