logo
episode-header-image
Jan 2024
18m 30s

Should dynamic pricing be regulated?

Bbc World Service
About this episode

In the second part of the series, in the second part of the series, we look at supermarkets and restaurants.

Dynamic pricing it could help cut down on food waste, but would it favour people who can choose when they shop? And we ask why restaurant-goers have yet to develop a taste for it.

We also find out how artists like Bruce Springsteen and Taylor Swift have experimented with dynamic pricing to set the prices for their concerts.

Finally, we ask if dynamic pricing needs to be regulated more strictly. Is it fair? Does it allow companies to get away with price-gouging? We speak to the head of a consumer rights group who says that more transparency is needed to protect shoppers.

Produced and presented by Gideon Long

(Image: A food market in the US. Credit: Getty Images)

Up next
Jul 10
Business Daily meets: Max Levchin
The fintech entrepreneur tells us about co-founding PayPal, and how an embarrassing personal moment when trying to buy a car, led him to start the buy now, pay later company Affirm.Produced and presented by Leanna Byrne(Image: PayPal Co-Founder & Affirm CEO Max Levchin in 2019. C ... Show More
17m 34s
Jul 9
The impact of 'thirsty' data centres
We're in the US state of Georgia, where huge data centres need water to keep cool. But how is this need for cloud storage and AI capability affecting local residents and the environment?Presenter: Michelle Fleury Producer: Nathalie Jimenez(Image: Georgia resident Beverly Morris l ... Show More
17m 50s
Jul 8
Does university still get you a well-paid job?
Graduates are facing one of the toughest jobs markets in decades. We hear from students in India, the US and UK about whether they feel a university or college degree is worth it as we discuss the cost of attending university around the world and what your job prospects might be ... Show More
17m 27s
Recommended Episodes
Mar 2023
UBS On-Air: Paul Donovan Daily Audio 'Profit-led price increases'
The UK British Retail Consortium's shop price index rose on food prices. The accompanying commentary was textbook for profit-led inflation. Poor harvests and sugar prices were blamed. When profits (rather than demand) lead inflation, retailers need to have a story that convin ... Show More
4m 29s
May 2023
Pricing Strategy For Consultants - How To Raise Your Fees With Jenny Millar: Podcast #292
There is more to pricing than just numbers. It is also rooted in optimizing performance and nudging customer behaviors. Helping you figure out your pricing strategy, Michael Zipursky sits down with Jenny Millar, the Founder of Untapped Pricing. Jenny tells us more about the psych ... Show More
44m 5s
Jun 2019
#6: The psychology behind effective pricing
Did you know that removing a $ sign from a menu increases the amount consumers buy? In this episode I chat to Sybil Yang who explains the psychology behind pricing, how to organise the most effective menus and why charm pricing shouldn’t be ignored. Sign up to the mailing list: h ... Show More
22m 19s
Dec 2022
🎁 “Never ever pay $9.99” — The 99 shopping rule. Avatar’s $2B tickets. Taco Bell’s french fry strategy.
Macy’s first priced something $0.99 in 1880 in a catalog, now every retailer does — but that means they’ve rounded the price up, not down. Avatar 2 is Disney’s blockbuster of the year, but it’s probably not gonna make any money. And Taco Bell is adding french fries and breakfast ... Show More
20m 32s
Mar 2023
Companies Are Telling Us the Real Reason They're Still Raising Prices
The persistence of inflation is a bit of a mystery to economists. Many of the shocks of the last few years have faded. And the Fed has raised rates aggressively, with seemingly only a modest impact. So why are companies still raising prices? If you listen, they actually explain a ... Show More
40m 23s