FLAT-RATE PRICING is all around you. It is the common form of commerce for most of the things you buy and almost all of the things you consume. The doctor who, long ago, took care of your mother and ...
People of a certain age may remember typical long-distance calling rates of dollars per minute. In the past couple of decades, however, long-distance rates have dropped to pennies per minute. Recently ...
All-you-can-eat buffets highlight an economic idea known as the flat rate pricing bias. To explain how it works, our Planet Money team went to the buffet capital of America: Las Vegas. Our colleagues ...
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