William Vickrey postumously received the Nobel Prize having been awarded the #NobelPrize some three days before his death...

#SurgePricing #MicroEconomics #Incentives #Nudge #InformationAsymmetry #MoralHazard #AdverseSelection

https://en.wikipedia.org/wiki/William_Vickrey">https://en.wikipedia.org/wiki/Will...
#SurgePricing no longer requires an army of pricing specialists. Companies can match supply and demand with real-time data and smart #Algorithms

But consumers can feel exploited by #DynamicPricing https://www.bbc.co.uk/news/business-49986191">https://www.bbc.co.uk/news/busi...
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