Should the marine industry use surge pricing?
Recently, there was a significant backlash in the United States when Wendy’s announced they would be testing a “dynamic pricing” model where the cost of menu items would fluctuate based on demand. Public reaction was immediate and Wendy’s back-pedaled and brought out a special $1.00 burger offer to quell the anger. But, does it make sense to charge more when there is big demand and to offer better prices when demand is weaker?
