Why would sellers doing this outcompete sellers who don’t? Sellers reducing prices whenever they want, rather than precommitting to a set function, will have more information to base their prices on at the time they set each price, so I’d expect them to do better.
Why would sellers doing this outcompete sellers who don’t? Sellers reducing prices whenever they want, rather than precommitting to a set function, will have more information to base their prices on at the time they set each price, so I’d expect them to do better.