Ticket Pricing in Theaters
Theater performances in bigger cities often have attendance rates close to 100%, and tickets of popular theaters are sold out weeks or even months before the shows, which is a…
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Dynamic Pricing, the Winning Pricing Strategy
Dynamic pricing is a pricing strategy where prices are being adjusted according to supply and demand in order to maximize profits. The first sophisticated dynamic pricing algorithm had been developed…
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Pricing in Cinemas
Cinemas have notoriously low attendance rates, indicating that the pricing of movie tickets is significantly under-optimized. Indeed, the overwhelming majority of cinema operators applies static pricing (i.e. ticket prices are…
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