This is amazing.

Ideally restaurants would just price using AMM curves.

This is amazing.

Ideally restaurants would just price using AMM curves.

https://twitter.com/MorePerfectUS/status/1762251031910728069

Problem is they are only exploring the surge and not the reduction of prices in slow times. I want half-priced square hamburger meat.

Benevolent internet pseudonym. AKA @boredelonmusk elsewhere. Founder of EDISON and proprietor of fun. https://edison.wtf/


In the uber case, I was told that uber did not do it that way because the demographic they felt the most need to market to was the *drivers*, to whom surge prices are of course an exciting opportunity rather than an unexpected cost.

It just occurred to me that Uber must have called it Surge Pricing on high times instead of Discount Pricing on low times because driver supply is less elastic than rider demand

In equilibrium it will have that same effect.

From a PR perspective, of course they should have announced it as an off-peak discount and then when they need to raise prices blame it on inflation

(Notice how no one gets upset at stores for doing "clearance sales" seemingly at least 50% of the time)

Yeah there is a zero % chance you ever see discounted prices.  $1.99 fries won't drop to less than that because store traffic is slow.