Question
Dynamic pricing is a pricing structure that changes in real time in response to such market factors as demand. This type of pricing has been
Dynamic pricing is a pricing structure that changes in real time in response to such market factors as demand. This type of pricing has been used by the travel industry for many years (flights and hotel-room rates) and has now made its way to entertainment, much to the chagrin of consumers. Take a look at the uproar it caused for a recent Bruce Springsteen tour:
https://www.usatoday.com/story/entertainment/music/2022/08/17/springsteen-ticketmaster-dynamic-pricing-infuriates-music-fans/10310415002/
Do you think dynamic pricing is fair to consumers? Can you foresee this type of pricing being adopted in other categories? If so, which ones, and why? If not, why not?
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