Can anyone explain to me why several diamond retailers advertise that their
diamonds are "guaranteed to appraise for double their purchase price"?
Seiji
---
It sounds like they are selling at the "wholesale" price and appraising at
the retail price, but the "wholesale" is a fiction, actual
Can anyone explain to me why several diamond retailers advertise that their
diamonds are "guaranteed to appraise for double their purchase price"?
Seiji___Seiji
Steimetz
Office: Social Science Tower 305University
I don't think there's any price discrimination going on here, especially
considering the difficulties in distinguishing between thirsty and
not-so-thirsty consumers. Instead, I think pricing refills at (practically
zero) marginal cost is simply another form of price competition among similar
In a message dated 7/9/00 10:38:41 AM Pacific Daylight Time,
[EMAIL PROTECTED] writes:
<< McDonalds and Burger King don't offer free
refills on anything.
>>
Not so---most fast-food places of this type now have self-serve soft drinks,
and while they don't explicitly say you are permitted to
Rather than an elasticity explanation I would suggest a two part
tarriff. The initial charge grabs the consumer surplus, MC is close to
zero for soft drinks (mostly water) so p=MC is optimal. Fabio's real
question, however, is why do some restaurants choose one policy and
others another. This i
We have in Europe things that look like free-re-fills. In some French
restaurants (but it's probably true in other european countries) you
have "buffets" : you choose what you eat on a table and you eat as much
as you wish. It's a good deal for the restaurant owner : more food eaten
(but not much
