Then auctions like eBay are another example of dynamic pricing.

The price of admission.

The price of gold fluctuates daily.

Pay careful attention the next time you read the financial news.

But there's another type of pricing.

That just means that the last three yield management, real time, and auctions are examples of dynamic pricing.

So let's talk about our first scenario here, where let's say this curve, people didn't expect prices to change for my e book and now all of a sudden, people expect there's a change in expectation.

The stock market is a real time market.

That's dynamic pricing.

If you ever think about it, pricing that you negotiate yeah, we kind of have this price on paper, but that's just the starting point of the conversation.

The runaway inflation in Laos has given way to food riots in the capital city of Vientiane, where the death toll has risen over 200.

The price includes the postage charge.

Negotiated prices is a dynamic price.

The price varies with demand.

He put up a notice about the change in price.

For example, the study of quantum computation has provided a new and computational view point on quantum mechanics.

He would draw the animals

Dynamic pricing is exactly what it sounds like.

So now let's play with some scenarios of what happens, maybe, when the market value of the house changes.

Price

Does the price include breakfast?

Modern agriculture uses land to turn fossil fuels into food

There's huge frictions if you were to buy and sell, there's 20 every time.

Expectations... Expectations... of future prices. So let's say...

Now remember the only thing we're varying here is the price.

Amartya Sen won his Nobel Prize for saying, Guess what, famines happen in the presence of food because people have no ability to buy it.

Dynamic means it moves.

So let's look at possible theories.

I joked that the main contribution we made to the battle against AlDS was to get the manufacturers to change from a jewelry store to a grocery store strategy.

That's exactly why we have to study him up close.

If they made their bows of it, we make our gun stocks of it.

They want to encourage high volume purchases, and so they have stepped pricing that is oriented to create volume.

Stocks may rise and fall, economies may collapse, but the American farmer's always gonna need manure.

And so the first of these that I will focus on the first is the price of competing products.

For any given price, it's going to lower the quantity demanded.

Let's say a guy invents a better light bulb.

Eat. We want food.

Par value

Redemption

Present value

Present values

Future value

Dr. Price?

Wenneck, Price, Garner.

How does that change demand?