If the world were run like airlines
If the world were run like airlines
- June 19, 2013
- Jan Brueckner, economics professor and department chair, is quoted in the Wall Street Journal June 19, 2013
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From the Wall Street Journal:
Airline pricing is something consumers find maddening, but it makes other businesses
envious. Many businesses would like to segment customers into different groups, with
different prices based on ability to pay, says Jan Brueckner, an economist at the
University of California, Irvine, who studies the airline industry. Grocery stores
try with coupons, but airlines have taken this model to an extreme. "It's as if the
prices of cornflakes were being changed hour by hour on store shelves," said Dr. Brueckner.
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