DailyDirt: Pricing Ain't Easy

from the urls-we-dig-up dept

Sometimes the prices of products are mysterious -- or just don't make much sense. Why is gasoline sold per gallon to nine-tenths of a cent? How can rare artwork really be worth millions of dollars? Sometimes, pricing puzzles can stump economists, but more often than not, there's a well-known economic explanation that's just not very intuitive. The invisible hand works in strange ways, and here are a few examples. If you'd like to read more awesome and interesting stuff, check out this unrelated (but not entirely random!) Techdirt post.

Filed Under: college, economics, price discrimination, pricing, shrouding, tuition
Companies: apple, jcpenny, orbitz

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  1. identicon
    Anonymous Coward, 27 Jun 2012 @ 5:33pm

    no more ellen degeneres?

    JCP is trying to go upscale and ditch all of its Walmart/Target/bargain-loving customers by making its prices "fair&square". Good luck with that.

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