Home/Micro Chapter 9

Why Surge Pricing Makes Us So Mad

This article addresses tradeoffs between efficiency and equity by examining what gives when prices don't. There are examples of concert tickets, essential supply prices following natural disasters, Uber surge pricing,  and more. Richard Thaler, Nobel Prize Winner in Economics for work in behavioural economics, is quoted extensively. [...]

Why Surge Pricing Makes Us So Mad2020-05-10T08:18:58-04:00

Will Mobile Phone Rates Fall as Shaw Buys Wind Mobile ?

The Globe & Mail reported that Shaw Communications is buying Wind Mobile in  a $1.6 billion deal. Primarily a cable and telecommunications company, Shaw wants to compete in the mobile phone business.  Share prices of the big 3 wireless provider -- BCE, Rogers, Telus -- fell on the news, anticipating that [...]

Will Mobile Phone Rates Fall as Shaw Buys Wind Mobile ?2016-05-03T14:45:49-04:00

How Elasticity Helps AirBnB Owners Make More Money

The Toronto Star reported on a startup called Beyond Pricing that is helping AirBnB owners increase revenues from their short-term rentals by figuring out the highest price they can charge. The company using a dynamic pricing algorithm like those used by airlines and hotels that raises prices when demand [...]

How Elasticity Helps AirBnB Owners Make More Money2020-05-09T10:55:29-04:00