#competitivemarkets — Public Fediverse posts

#PersonalizedPricing Isn’t All Bad for Consumers https://www.cato.org/blog/personalized-pricing-isnt-all-bad-consumers
"Both individualized and dynamic pricing have existed in our daily lives for years. But the combination of the two using modern technology has led to fears… that “corporations are collecting our personal data to extract every cent they can to pad their pockets.”
… the best protection for consumers is a competitive market. In #competitiveMarkets with no supply constraints, individualized dynamic pricing has proven to largely benefit consumers. Any time a firm uses #IDP to raise prices for a given consumer, that automatically allows a competing firm to undercut those prices and take that consumer away"
#economics #IndustrialOrganization

Stumbled upon this chart of US corporate profits vs. corporate taxes. The important part isn’t the taxes, it’s the profits. (Note that this is nominal and doesn’t include inflation adjustment, not that American inflation numbers mean anything anyway.)

Now let’s look at another chart. This one of his how much profit companies that produce actual products maker per dollar of GDP added.

Notice […]

'Study about the impact of open source software and hardware on technological independence, competitiveness and innovation in the EU economy'

https://digital-strategy.ec.europa.eu/en/library/study-about-impact-open-source-software-and-hardware-technological-independence-competitiveness-and

#HatTip to @lightweight for the link.

#EU #OpenSource #OpenHardware #competition #CompetitiveMarkets