Re: [Pen-l] market socialism [was: cybernetic flash from Chile's past]

[Michael Perelman <michael@xxxxxxxxxxxxxxxxx>]

Hays, Constance L. 1999. "Variable-Price Coke Machine Being Tested." New York Times 
(28 October): p. C 1. 
    Taking full advantage of the law of supply and demand, the Coca-Cola Company has 
quietly begun testing a vending machine that can automatically raise prices for its 
drinks in hot weather. In Japan, some vending machines already adjust their prices 
based on the temperature outside, using wireless modems, said Gad Elmoznino, 
director of the Trisignal division of Eicon Technology, a Montreal-based modem 
maker. "They are going to be using more and more communications in these machines to 
do interactive price setting," he said. 


On Wed, Apr 02, 2008 at 01:17:51PM +0200, Robert Scott Gassler wrote:
> My original point stands. Plannists would say the same thing as market 
> socialists. And look at what Varian and others say about the ability of 
> corporations now to price-discriminate almost to the individual consumer in 
> order to extract as much consumer surplus as possible.
>


-- 
Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 530-898-5321
E-Mail michael at ecst.csuchico.edu
michaelperelman.wordpress.com
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