Sunday , April 11 2021
Home / Managerial Econ / Really Complex Pricing

Really Complex Pricing

Summary:
A Chinese restaurant in West Philly called Danny's Wok has the weirdest pricing structure for chicken wings. The price per additional wing may fall ever so slightly, but will rise every so often so that the average price per wing never falls much. It was so weird, it generated some buzz as many on twitter tried to make sense of it. And at least a dozen people on twitter have tried to describe it. Some of my favorites are from math twitter:Or from folks simply graphing the menu prices.Perhaps, this was not  form of price discrimination after all but merely a clever ploy to get a bunch of free word-of-mouth marketing. Toward this end, it worked wonderfully.

Topics:
[email protected] (Michael Ward) considers the following as important: ,

This could be interesting, too:

[email protected] (Michael Ward) writes FB/Insta/WhatsApp

[email protected] (Mike Shor) writes Price discrimination

[email protected] (Michael Ward) writes Private Label Products

(Luke Froeb) writes Run experiments to measure the effects of advertising (and make money)

Really Complex Pricing

A Chinese restaurant in West Philly called Danny's Wok has the weirdest pricing structure for chicken wings. The price per additional wing may fall ever so slightly, but will rise every so often so that the average price per wing never falls much. It was so weird, it generated some buzz as many on twitter tried to make sense of it.


 

And at least a dozen people on twitter have tried to describe it. Some of my favorites are from math twitter:

Or from folks simply graphing the menu prices.

Really Complex Pricing

Perhaps, this was not  form of price discrimination after all but merely a clever ploy to get a bunch of free word-of-mouth marketing. Toward this end, it worked wonderfully.


 

Leave a Reply

Your email address will not be published. Required fields are marked *