Children Went from Worthless to Priceless (2013)
Children are our future, but it’s only recently that they’ve been valued as such.
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How Children Went from Worthless to Priceless Alex Mayyasi <img decoding="async" src="https://etzq49yfnmd.exactdn.com/wp-content/uploads/2022/03/baby-933097_1280.jpg?strip=all&w=640" alt="a baby with a pacifier" width="700" data-eio="l" /> Pricing a product can be a thorny issue. Will customers interpret a low price as a bargain, or as a sign of a low quality? Is allowing people to pay what they want for a product a profitable strategy? Despite Econ 101’s promise of finding the perfect price at the intersection of a supply and a demand curve, pricing advice accounts for countless books, management consulting projects, and Harvard case studies. But the most fascinating case study about pricing does not have to do with iPhones, cable TV packages, or Uber rides.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at Priceonomics.
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