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A comment on The Welfare Effects of Dynamic Pricing: Evidence from Airline Markets. Parent comment

Re:The Welfare Effects of Dynamic Pricing: Evidence from Air... by tomrod on Friday March 25, 2022 @12:02PM (#30803807)
> Dynamic pricing is a good thing

I'm not sure dynamic pricing is necessarily pareto improving (I think this might be what you mean by "is a good thing"? For folks that are learning this lingo, pareto improving -- at least one party better off and none worse off). I'd have to think through it a bit.

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Re:The Welfare Effects of Dynamic Pricing: Evidence from Air... by colinmhayes on Friday March 25, 2022 @12:47PM (#30804402)
Plenty of good things are not pareto improvements. If someone is a little worse off but someone else is much better off that is a good thing.
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Re:The Welfare Effects of Dynamic Pricing: Evidence from Air... by tomrod on Friday March 25, 2022 @01:34PM (#30805004)
I believe that depends on the ethical system you espouse. Egalitarianism, yes. Utilitarianism, not necessarily (so-called utility monster). And so on.
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Re:The Welfare Effects of Dynamic Pricing: Evidence from Air... by hammock on Friday March 25, 2022 @01:30PM (#30804959)
It's definitely not. This is why the welfare effect is described in the abstract as having directionality
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