As a strategy, dynamic pricing is largely based on factors including market trends, historical data, how much competitors are ...
Dynamic pricing adjusts prices in real-time based on demand, competition and market data. Amazon pioneered the strategy to ...
Dynamic pricing algorithms are quietly charging different grocery prices to different customers, and the higher prices are clustering in lower-income neighborhoods where shoppers have the fewest ...
A preprint study published by researchers at George Washington University presents evidence of social bias in the algorithms ride-sharing startups like Uber, Lyft, and Via use to price fares. In a ...
The only constant in life is change, the Greek philosopher Heraclitus famously said. When it comes to prices for goods and services online, sometimes the changes happen so fast it feels as though the ...
As price-setting by computer algorithm becomes increasingly prevalent, states are stepping in to address transparency and fairness concerns that federal legislation has yet to comprehensively tackle.
Earlier this year, New York enacted its Algorithmic Pricing Disclosure Act, a first-of-its-kind statute that requires certain businesses to include a written disclosure if a price is set using an ...