Earlier this year, consumers were surprised and enraged when Uber, a company that allows users to order car services through a smartphone application, charged many times the standard rate on New Year's Eve ("Disruptions: Taxi Supply and Demand, Priced by the Mile," The New York Times, Jan. 8, 2012). This practice, commonly called "dynamic pricing," is expected when you book airline tickets, hotel rooms and is increas…
SOURCE: Ticket News at 11:50AM on February 17, 2012