One company choosing to use a quick and reactive pricing algorithm could lead its competitors to increase prices, leading customers to face higher costs across the board, according to a study led by a ...

Judge Carlos T. Bea, of the U.S. Court of Appeals for the Ninth Circuit speaking during a panel discussion at the Federalist Society s 2018 National Lawyers Convention, held at The Mayflower Hotel in ...

If you thought scraping price sticker residue off newly purchased goods was irritating, consider this: pricing strategies so ...

Hotel pricing by gut instinct and Excel spreadsheets is out. Operators are finally getting serious about revenue management. “Heads in beds.” That simple mantra drove the hotel business for decades.

The original version of this story appeared in Quanta Magazine. Imagine a town with two widget merchants. Customers prefer cheaper widgets, so the merchants must compete to set the lowest price.