On: The End of a Fair Price: Dynamic Pricing and the Normalization of Gouging

[cyberax]

Sure. I'll just switch to someone else. I don't want the government regulating the way Amazon sets the prices.

The parts that I _do_ want to be regulated are the requirements that Amazon puts on its merchants.

[quickthrowman → cyberax]

Every retailer you switch to also notices your buying power and charges you twice as much. Now what?

[cyberax → quickthrowman]

I switch to a retailer that only charges 1.5x, and then the other retailers start competing at 1.2x, and eventually 0.9x.

Airlane fares are a good example. They are pretty much opaque, yet with robust competition the airlines can't all raise prices.