Tuesday, December 11, 2007

Sore Arms Snowboarding

The customer decides - Study on dynamic Prices in restaurants

A very interesting study has found that exempt innkeepers to their guests to pay what they want, a similar generate income, such as restaurants with fixed price policy.

I think the concept in principle for sustainable, think, however, that there will be less effective with increasing acceptance and implementation for innkeepers. If there are many restaurants to choose the dynamic or customer-defined pricing model to use, the customer loses even the reference point for determining the amount due. In addition, a mental pressure on prices (competition) will arise if the choice increases such opportunities. Here the future will show whether such models can enforce a larger scale.

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basicthinking

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