This podcast episode explores the complex world of pricing strategies, focusing on personalized pricing, algorithmic pricing, and the role of data aggregators in shaping market prices. It discusses the implications of these strategies for fairness, data privacy, and consumer isolation. The conversation also delves into the challenges and potential legal implications of algorithmic price fixing and discrimination. Additionally, the episode highlights the influence of corporate concentration on pricing and the rise of ancillary revenue in industries like airlines. The need for a whole-of-government approach to understand pricing and inflation is emphasized, along with the importance of considering customers' ability to pay in setting prices. Overall, it raises important questions about the future of pricing and its impact on the economy.
