Then auctions like eBay are another example of dynamic pricing.

And you know that it's going to be 100.

It turns out we made this pretty easy.

But that's not how economists measure GDP.

I could actually price on specific customer segments or on features I know they need.

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

But there are two types of prices.

So I'm just going back to what I said earlier.

Set a price for this item

Preston promised his car would sell for 1,000.

So if you have a help at home, if you go to the doctor, the market value of all of those things are going to be put into GDP.

Let's take a look.

We are essentially saying the demand, the Price Quantity demanded relationship is held constant and we can pick a price and we'll get a certain quantity demanded.

There's no haggling.

Cost plus market, value pricing, and volume price are all examples of fixed pricing tactics.

licensing and intermediation and direct sales, etc.

But there's another type of pricing.

What s the revenue stream. That s our strategy.

What was the market size? What share could you take?

But they actually are calculated in slightly different ways.

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

I'm going to talk about two stories today.

Well, let's put a tax on oil that is a non revenue tax, and it basically says for the next 20 years, the price of oil will be whatever you want, 35 bucks, 40 bucks.

But if attempted to that the generall level of prices has gone up by 2.5 , when form 100 to 102.5.

The stock market is a real time market.

And that tells you that the book value per share is 4.

Well let's take a look. Let's take a look at the Great Depression.

And then kind of the third common errors, my price hast to be less than my competitor's price.

We know the deflator is, can we figure out the real GDP in 2011 and that will be the real GDP in 2010 dollars, when we have the deflator relative to 2010.

I'd want to produce less.

Price

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

Now what would happen if these things changed ?

So if I had one closing and modest suggestion,

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

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

The price of admission.

One is fixed prices.

So each of those shares is one 500 millionth of this equity.

Let's extend it to a more complex economy to the world we live in and with that I want to look at the more formal definition for

It's basically two ratios of per capita GDP, per capita gross domestic product, so average income.

As we said, the same with pricing.

The first three cost based pricing, value based pricing, or volume based pricing are all examples of fixed pricing tactics.

That is Scenario E.

Is it a license or subscription model?