What If Everyone Paid a Different Price for the Same Chips?
With dynamic pricing, airlines (and other businesses) charge a menu of fares, usually depending on the day and time. Now though, it might be replaced by surveillance pricing. Our story starts several years after the 1978 Airline Deregulation Act. Because of deregulation, airline decision makers had a new world of fare making to navigate. Whereas previously government’s Civil Aeronautics Board let airlines preserve a healthy bottom line, now competition and markets set prices. ….[READ]
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