Pricing puzzle

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Definition

A pricing puzzle is a pricing pattern or strategy that appears puzzling, usually because they violate the law of one price. Typically, it involves one or more of the following:

Such puzzles are mainly used not so much because the specific problems being considered are important but because the reasoning used to discuss possible explanations highlights important economic principles and in some cases leads to the development of new economic insights.

Examples

For a full list, see Category:Pricing puzzles.

Here are some of the more common folklore-type puzzles:

Puzzle Quick description Common explanations
Popcorn puzzle Popcorn sold in cinema halls typically costs much more than popcorn available outside price discrimination, other more complex explanations