To be fair in the main branch of Wannamakers upstairs could be six or seven floors away. It could take a good ten minutes to get all the way back upstairs. That was probably worth a 10% premium.
You succeeded in making me both nostalgic and home sick all at once. Apparently you can still meet under the Eagle but it is a Macy's now. I hope the Warthog is still there. On Feb 3, 2008 8:28 PM, Tom Piwowar <[EMAIL PROTECTED]> wrote: > >There is also price discrimination where buyers decide that web > >consumers won't buy at the regular market price so they offer > >lower prices on line. Much of real-world pricing behavior was > >mysterious to me until I learned about p.d. in my first micro-econ > >class. > > I used to love going shopping with the econ grad students. > > I recall going Christmas shopping with an econ grad student at > Wannamakers. Upstairs he was looking at a potential gift, but put it > aside. Later he saw the same item on the ground floor. He picked it up > and decided to buy it. On the way to the checkout counter he became > apoplectic when he noticed that the price was about 10% higher than it > had been upstairs. > > "Microeconomics" he cried. "Externalities" I laughed. > > I have read that Best Buy goes so far as to redirect in-store computers > to an in-house version of its website that does not have the same web > pricing you will see from home. > > > ************************************************************************ > * ==> QUICK LIST-COMMAND REFERENCE - Put the following commands in <== > * ==> the body of an email & send 'em to: [EMAIL PROTECTED] <== > * Join the list: SUBSCRIBE COMPUTERGUYS-L Your Name > * Too much mail? Try Daily Digests command: SET COMPUTERGUYS-L DIGEST > * Tired of the List? Unsubscribe command: SIGNOFF COMPUTERGUYS-L > * New address? From OLD address send: CHANGE COMPUTERGUYS-L YourNewAddress > * Need more help? Send mail to: [EMAIL PROTECTED] > ************************************************************************ > * List archive from 1/1/2000 is on the MARC http://marc.info/?l=computerguys-l > * List archive at www.mail-archive.com/[email protected]/ > * RSS at www.mail-archive.com/[email protected]/maillist.xml > * Messages bearing the header "X-No-Archive: yes" will not be archived > ************************************************************************ > -- John Duncan Yoyo -------------------------------o) ************************************************************************ * ==> QUICK LIST-COMMAND REFERENCE - Put the following commands in <== * ==> the body of an email & send 'em to: [EMAIL PROTECTED] <== * Join the list: SUBSCRIBE COMPUTERGUYS-L Your Name * Too much mail? Try Daily Digests command: SET COMPUTERGUYS-L DIGEST * Tired of the List? Unsubscribe command: SIGNOFF COMPUTERGUYS-L * New address? From OLD address send: CHANGE COMPUTERGUYS-L YourNewAddress * Need more help? Send mail to: [EMAIL PROTECTED] ************************************************************************ * List archive from 1/1/2000 is on the MARC http://marc.info/?l=computerguys-l * List archive at www.mail-archive.com/[email protected]/ * RSS at www.mail-archive.com/[email protected]/maillist.xml * Messages bearing the header "X-No-Archive: yes" will not be archived ************************************************************************
