Questions tagged [price]
211 questions
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Why is the cost of opening loot box for virtual good on average higher than the good cost itself?
Consider games such as Team Fortress 2 or Counter Strike Global Offensive on steam, there we can obtain certain virtual goods only by means of opening "crates" through the usage of "keys". The only possible way to obtain keys other than bartering…
tryst with freedom
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Fuel cost riddle
If
the price of fuel today is \$1 per litre.
I filled my car up for \$50 with fuel that cost \$0.50 per litre yesterday
the fuel price tomorrow in the future is unknown
I do not know when I intend to fill up my tank next
I use say 10% of my…
LlamaBricks
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Why does one have to ask for a quote to get a price for some things?
When ordering items from some companies, they don't have their prices listed. One rather has to ask for a quote to get a price, having to provide information to do so. Why is this? Why do they not just show a price? Is the only point to get customer…
user23608
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Application of Laffer Curve on the price of Goods and Services
The Laffer Curve shows the relationship between Tax-Rates and the Amount of Tax Revenue Collected. Can't a similar principle be used on the price of goods?
To elaborate: The total revenue of a firm will only go up to a certain extent when they…
Sahaj
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Why, in general, do product or service prices rise in time?
My question is simple:
Why is it, in general, that the prices of products or services (regardless of demand and supply) are always on the rise in western society? For example, the rent we pay increases every year. The ticket prices for public…
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Why is there less price transparency in some industries (especially healthcare) than in others?
To give a specific pair of contrasting examples:
If I search for homes for sale in say Michigan, I can quickly see the listed price for each home. (See e.g. Zillow.) Sure, there might be taxes, commission, fees, discounts, etc., but the final price…
user23102
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Supplier offers "Price Protection Tariff" w/o exit fees, and more expensive Variable Price tariff. Does that mean it is betting on the price falling?
My energy supplier offers two tariffs:
The first is a "Price Protection tariff". It gives you a fixed per-kWh price for 12 months, and has no exit fees (23.28 cent)
The other is a "Variable price tariff". It has a higher per-kWh price (25.31…
miracle2k
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How does price fixing work if it requires an almost universal agreement?
From what I gather, price fixing works by getting all the relevant actors in a certain economic sector to agree to fix the price of the goods they sell at a certain, higher-than-normal price, so that the consumer is forced to buy overpriced…
flatterino
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Modeling Asymmetric price adjustment (downward price inflexibility)
There is any way to model downward price inflexibility? Because the different models of sticky prices, don´t have more downward inflexibility than upward.
Ivan Martinez
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Modelling prices to identify price outliers
I am currently trying to find 'Price Outliers' in a set of data. Given a set of product prices (within a product category, e.g. milk) I want to filter for prices that are suspicious - for example I have a set of milk prices $\{1,1.5,10,0.1\}$ then I…
Abbraxas
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Converting price for service in the foreign market to local price
I am a student researching 3D scanning service and developing it for a specific centre in my country, where the service does not exist in the way it does in USA. I know the price for the service in US. My supervisor suggests that the US prices can…
Sofya Beglaryan
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The existence of free lunch
Is there a free lunch or something beneficial but with zero price? Is air in an unpolluted area free lunch? If so, the sentence "there is always a tradeoff between benefit and cost" is not in general true. Is this correct?
Hans
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How to measure home value distribution in a city?
I would like to know how I can measure and compare the distributions of home values across cities. I have collected the following data for each city:
a) median price in the city;
b) number of housing units by value range, such as
500 units between…
user30236
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How Many Hours Do You Need To Work To Buy An Iphone?
I have often seen pictures like this - in different countries around the world, how many hours do you need to work before you can buy an Iphone:
My Question: Is there a generalization to this concept?
For example, suppose I am a lazy person that…
stats_noob
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Is this a valid price finding method?
Scenario:
To keep this question focussed: This is regarding a single buyer for a single, one off straightforward purchase (service or goods), with a handful of possible sellers.
Background:
It recently occurred to me that I have to purchase a…
Rabbi Kaii
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