Why do overstock prices fluctuate




















We live in the age of the variable airfare, the surge-priced ride, the pay-what-you-want Radiohead album, and other novel price developments. But what was this? Some weird computer glitch? More like a deliberate glitch, it seems. He says these sorts of price experiments have become a routine part of finding that right price—and refinding it, because the right price can change by the day or even by the hour. It may come as a surprise that, in buying a seasonal pie ingredient, you might be participating in a carefully designed social-science experiment.

But this is what online comparison shopping hath wrought. Simply put: Our ability to know the price of anything, anytime, anywhere, has given us, the consumers, so much power that retailers—in a desperate effort to regain the upper hand, or at least avoid extinction—are now staring back through the screen. They are comparison shopping us. The price of the headphones Google recommends may depend on how budget-conscious your web history shows you to be, one study found.

For shoppers, that means price—not the one offered to you right now, but the one offered to you 20 minutes from now, or the one offered to me, or to your neighbor—may become an increasingly unknowable thing. Which raises a bigger question: Could the internet, whose transparency was supposed to empower consumers, be doing the opposite?

If the marketplace was a war between buyers and sellers, the 19th-century French sociologist Gabriel Tarde wrote, then price was a truce. And the practice of setting a fixed price for a good or a service—which took hold in the s—meant, in effect, a cessation of the perpetual state of hostility known as haggling. As in any truce, each party surrendered something in this bargain.

Buyers were forced to accept, or not accept, the one price imposed by the price tag an invention credited to the retail pioneer John Wanamaker. But they made the bargain anyway, for a combination of moral and practical reasons. Macy—had never believed in setting different prices for different people. As they staffed up their new department stores, it was expensive to train hundreds of clerks in the art of haggling. Fixed prices offered a measure of predictability to bookkeeping, sped up the sales process, and made possible the proliferation of printed retail ads highlighting a given price for a given good.

Companies like General Motors found an up-front way of recovering some of the lost profit. It kept the truce. Customers, meanwhile, could recover some of their lost agency by clipping coupons—their chance to get a deal denied to casual shoppers.

The new supermarket chains of the s made coupons a staple of American life. What the big grocers knew—and what behavioral economists would later prove in detail—is that while consumers liked the assurance the truce afforded that they would not be fleeced , they also retained the instinct to best their neighbors.

They loved deals so much that, to make sense of their behavior, economists were forced to distinguish between two types of value: acquisition value the perceived worth of a new car to the buyer and transaction value the feeling that one lost or won the negotiation at the dealership.

And the truce remained largely intact up to the turn of the present century. But in the s, the internet began to erode the terms of the long peace. The era of internet retailing had arrived, and with it, the resumption of hostilities. In retrospect, retailers were slow to mobilize.

In part, this was a function of internal company hierarchy. Prices were traditionally the purview of the second-most-powerful figure in a retail organization: the head merchant, whose intuitive knack for knowing what to sell, and for how much, was the source of a deep-seated mythos that she was not keen to dispel. The first was the arrival of data. The practice was merely an artifact, the existing literature said, of an age when owners wanted to force cashiers to open the register to make change, in order to prevent them from pocketing the money from a sale.

But in the grocery store, the effect was huge! This was, in some ways, a curious stampede. For decades, academic economists had generally been as indifferent to corporations as corporations were to them. Indeed, most of their models barely acknowledged the existence of corporations at all.

But that began to change in , when the Berkeley economist Hal Varian—highly regarded for the book Information Rules —ran into Eric Schmidt. Varian knew him but, he says, was unaware that Schmidt had become the CEO of a little company called Google.

I usually check a few sites for codes as well and then use the best one. The cash back from shopathome is separate though. I get a check every few weeks and it is a nice bonus. Well that's just bad luck. This seems to be a fall clearance event which I've never seen them do before. Anyhow, I agree with the suggestion that you should call in and ask for the price adjustment.

I've found their customer service people to be very nice once they let me call and and apply I coupon I found after I already placed the order so it's definitely worth a shot. If you say you've been watching the price for months and finally ordered only to find it on sale 2 days later, I'm sure they'll do something for you! Good luck! Definitely call customer service.

If you get a nice one, they will adjust your price. Tell them your story! Indem Sie weiterhin auf der Website surfen bzw. Mehr erfahren. Ultimate Lighting Sale. Bathroom Vanity Sale. Bestselling Chandeliers and Pendants. Sign In. Join as a Pro. Houzz TV. Houzz Research. Shop Featured Holiday Categories. Home Decor. Holiday Decor. Christmas Trees. Holiday Lighting. Gift Cards. Home Decorating. What the Email Save Comment Featured Answer. Well I'm glad to know they don't up the prices based off that.

Like 1 Save. Sort by: Oldest. Newest Oldest. Like Save. Any electrical work or plumbing we hire professionals to do the work. A lot of the mill work in our home I have installed myself. I have designed many architectural features in our home but are usually to time consuming for me to do myself so we have a professional carpenter follow my plans and then install the work.

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I think I would buy a white unit next time. Um, never? We usually buy antiques and wait until we find just the right pieces. Then we hold onto them for the rest of our lives. We bought a few thrift store pieces while we were in graduate school and replaced them once we got jobs and moved, but otherwise we've had our early century dining table and chairs for almost 30 years, and our living room Arts and Crafts era chairs for Upholstered chairs get recovered if and when the fabric wears out.

The only piece we've actually bought and replaced was a more modern living room sofa, and we had it for 20 years before recovering it, and then 10 more years before replacing it. Several delivery carriers are experiencing delays due to high demand.

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