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A comment on Do U.S. Ports Need More Automation?. Parent comment

Re:Do U.S. Ports Need More Automation? by s1artibartfast on Tuesday October 08, 2024 @02:46PM (#41780455)
How the price is determined is irrelevant in my mind.

If you know the price, you can choose to accept it or not.

I never took a taxi with posted trip cost. Best was price per mile/time and the cabbies wouldn't tell you how for or long it would take

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Re:Do U.S. Ports Need More Automation? by CaptainFever on Wednesday October 09, 2024 @09:41AM (#41787875)
Note that the economic term for this is price discrimination, and it isn't necessarily a bad thing: https://www.investopedia.com/terms/p/price_discrimination.as...
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Re:Do U.S. Ports Need More Automation? by s1artibartfast on Wednesday October 09, 2024 @10:33AM (#41788332)
Seller price discrimination is a different phenomenon from what I am discussing.

I am hinting at how ex-ante price disclosure or negotiation reduces transactions costs of triangulation and trust.

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