That's a lot of words just to say it's a stupidass clusterfuck.
this post was submitted on 21 Oct 2023
94 points (95.2% liked)
science
14553 readers
1053 users here now
just science related topics. please contribute
note: clickbait sources/headlines aren't liked generally. I've posted crap sources and later deleted or edit to improve after complaints. whoops, sry
Rule 1) Be kind.
lemmy.world rules: https://mastodon.world/about
I don't screen everything, lrn2scroll
founded 1 year ago
MODERATORS
Its easier to just walk through security and pretend to be a TSA agent.
Airlines are basically using the psychology of selling to get the most revenue they can. They have a lot more historical data and are willing to experiment with how humans buy tickets to extract the most $. A lot more industries are using this tactic than you realize.
My read of this is mostly that airlines don't engage in price fixing and collusion - or more specifically their algorithms are designed so they don't (directly) create this outcome.
When there are industry standard approaches creating that algorithm, the collusion is absolutely there. It's just one step removed from being obvious.