Retail Economist, University of Chicago
Michael Thompson
Retail Economist, University of Chicago
Michael Thompson is a retail economist at the University of Chicago, specializing in the impact of pricing strategies on consumer behavior.
Global Business / Economy
Dynamic Pricing in Supermarkets: A Necessary Evil or a Step Too Far?Dynamic pricing could make supermarkets more efficient—but pricing essentials according to weather or immediate demand raises a different question: when does a flexible market become exploitation? The technology can reduce waste and lower prices when demand is weak, but using it to charge more for necessities when consumers have fewer alternatives could undermine trust. The real debate isn't whether supermarket prices should ever change; it's where retailers should draw the line.