Value based pricing: Difference between revisions
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===Price gouging individual or specific consumer groups=== | ===Price gouging individual or specific consumer groups=== | ||
With specific apps that you buy stuff from may collect your data without your consent. This allows companies to charge more for the same items that you may buy again later on. These apps likely also share this type of purchase history with other providers that share similar products for profit.<ref>https://www.forbes.com/sites/advisor/2024/12/09/are-airlines-spying-on-you-the-hidden-costs-of-surveillance-pricing-and-how-to-avoid-them/ |archive-url=https://web.archive.org/web/20250927110156/https://www.forbes.com/sites/advisor/2024/12/09/are-airlines-spying-on-you-the-hidden-costs-of-surveillance-pricing-and-how-to-avoid-them/ |archive-date=27 Sep 2025</ref> | With specific apps that you buy stuff from may collect your data without your consent. This allows companies to charge more for the same items that you may buy again later on. These apps likely also share this type of purchase history with other providers that share similar products for profit.<ref>{{Cite web |author=Forbes |title=Are Airlines Spying On You- The Hidden Costs of Surveillance Pricing and How To Avoid Them |url=https://www.forbes.com/sites/advisor/2024/12/09/are-airlines-spying-on-you-the-hidden-costs-of-surveillance-pricing-and-how-to-avoid-them/ |archive-url=https://web.archive.org/web/20250927110156/https://www.forbes.com/sites/advisor/2024/12/09/are-airlines-spying-on-you-the-hidden-costs-of-surveillance-pricing-and-how-to-avoid-them/ |archive-date=27 Sep 2025}}</ref> | ||
===Targeted smart pricing with AI=== | ===Targeted smart pricing with AI=== | ||
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==Examples== | ==Examples== | ||
[[Walmart]] & Kroger plans of using smart pricing or "surge pricing"<ref | [[Walmart]] & Kroger plans of using smart pricing or "surge pricing"<ref>{{Cite web |author=DailyDot |title=Walmart Surge Pricing |url=https://www.dailydot.com/news/walmart-surge-pricing/ |archive-url=https://web.archive.org/web/20251203094358/https://www.dailydot.com/news/walmart-surge-pricing/ |archive-date=3 Dec 2025}}</ref> on its in-person retail products. Walmart denies this claim.<ref>{{Cite web |author=MSN |title=Walmart Is Replacing Its Price Labels with Digital Screens But the Company Swears It Won't Use It For Surge Prcing |url=https://www.msn.com/en-us/money/companies/walmart-is-replacing-its-price-labels-with-digital-screens-but-the-company-swears-it-won-t-use-it-for-surge-pricing }}</ref> | ||
[[Cloudflare]] charging you higher rates for the same plan as other users. | [[Cloudflare]] charging you higher rates for the same plan as other users. | ||