Want A Dinner Reservation At A Popular Restaurant? Pay Up

Want A Dinner Reservation At A Popular Restaurant? Pay Up

Earlier this month, we shared with you the news that a delivery-only restaurant in San Francisco added dynamic pricing to its business model: that is, instead of shutting down orders when there is high demand, they simply charge customers more. Similar models are becoming an extra revenue stream for restaurants, removing the risk from reservations and earning them more money when their products are more in demand. [More]

Dynamic pricing in action.

Just What We Needed: Surge Pricing For Food Delivery

The ride-sharing app Uber is an immensely popular wherever alternative to taxis wherever it expands. It has one feature that is great for keeping up with demand during busy times, but less great if you’re cost-conscious: prices multiply according to demand for cars. Now a popular restaurant in San Francisco wants to try that idea…with delivery fees. [More]

Ticketmaster To Lower Admission Prices On Poor-Selling Events

Ticketmaster To Lower Admission Prices On Poor-Selling Events

If no one’s buying tickets to events later this year, Ticketmaster will start to lower the price of admission as the date draws nearer. The concept, which it’s calling “dynamic pricing,” will punish early buyers and reward those who hold out until the days before a slow-selling event takes place. On the other hand, if ticket sales start speeding back up, Ticketmaster could raise the prices. [More]

Ticketmaster CEO Azoff On Scalping, Er, Dynamic Pricing

Ticketmaster CEO Azoff On Scalping, Er, Dynamic Pricing

Having lost our Worst Company in America contest to AIG, Ticketmaster CEO Irving Azoff today accepted as his consolation prize an on-stage interview with The Wall Street Journal’s Kara Swisher at the annual D conference. A long-time talent manager, Azoff was introduced via video by Eagle Joe Walsh who joked that Azoff has “a beautiful house that we bought him.” Then things took a turn for the worse.

Amazon Mystery: The Pricing of Books

Amazon Mystery: The Pricing of Books

LA Times Staffer David Streitfeld noticed something curious about Amazon.com’s shopping cart. When he put something in it, then left it there, the price changed. And it didn’t just change, often it went up.