Why prices are so high – 8 ways retail pricing algorithms gouge consumers

Sat, 16 Mar 2024 12:35:31 +1100

Andrew Pam <xanni [at] glasswings.com.au>

Andrew Pam
<https://theconversation.com/why-prices-are-so-high-8-ways-retail-pricing-algorithms-gouge-consumers-223310>

"The just-released report of the inquiry into price gouging and unfair pricing
conducted by Allan Fels for the Australian Council of Trades Unions does more
than identify the likely offenders.

It finds the biggest are supermarkets, banks, airlines and electricity
companies.

It’s not enough to know their tricks. Fels wants to give the Australian
Competition and Consumer Commission more power to investigate and more power to
prohibit mergers.

But it helps to know how they try to trick us, and how technology has enabled
them to get better at it. After reading the report, I’ve identified eight key
maneuvers."

Cheers,
       *** Xanni ***
--
mailto:xanni@xanadu.net               Andrew Pam
http://xanadu.com.au/                 Chief Scientist, Xanadu
https://glasswings.com.au/            Partner, Glass Wings
https://sericyb.com.au/               Manager, Serious Cybernetics

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