Thread

1. cbdumas · 1790715580 · focus · HN ↗

   If a firm has that kind of pricing power of course they will use it. Competition is the only thing that restrains this. Most firms don't have this kind of pricing power at all, if Safeway marked up all their groceries to my maximum willingness to pay I would of course just go to Kroger or the local co-op or a restaurant for dinner.

   1. t0mpr1c3 · 1790748637 · focus · HN ↗

      Algorithmic pricing is price-fixing through the back door. Krogers and Safeway both have masses of data about you, and can use it to reduce any price differential.

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