Director / Editor: Victor Teboul, Ph.D.
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Independent and neutral with regard to all political and religious orientations,® aims to promote awareness of the major democratic principles on which tolerance is based.

Why prices are so high – 8 ways retail pricing algorithms gouge consumers

By David Tuffley, Senior Lecturer in Applied Ethics & CyberSecurity, Griffith University
The just-released report of the inquiry into price gouging and unfair pricing conducted by Allan Fels for the Australian Council of Trades Unions does more than identify the likely offenders.

It finds the biggest are supermarkets, banks, airlines and electricity companies.

It’s not enough to know their tricks. Fels wants to give the Australian Competition and Consumer Commission more power to investigate and more power to prohibit mergers.

But it helps to know how they try to trick us, and…The Conversation

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