Article ID: | iaor20082579 |
Country: | United Kingdom |
Volume: | 6 |
Issue: | 1 |
Start Page Number: | 2 |
End Page Number: | 8 |
Publication Date: | Jul 2007 |
Journal: | Journal of Revenue and Pricing Management |
Authors: | McMahon-Beattie Una, Yeoman Ian |
Keywords: | yield management |
Today, we live in a consumer world fuelled by affluence. One of the drivers of that affluence is falling prices. This paper sets out to explain how market forces are shaping the low-cost world and how this has changed consumer’s attitudes to prices.