Hotel Deals and Traps

Media Type: Office Hours Topic: Elasticity, The Firm

This video takes you to a Chicago hotel room during the AEA meetings. I make two important points. First, the AEA leverages its negotiation strength to secure very low hotel rates during the off season -- a time when hotels have many extra rooms available. Second, I discuss why the prices of hotel mini-bars and snacks seem outrageously high. But why is this just good economics?

Your Thoughts
Was this helpful to you?
(9 votes)
Related Content

What People are saying...

Who's Dirk?
More on the man, himself. Meet Dirk
Econ Media Library
Check out multimedia tools, videos and more in our Media Library