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?
5
(9 votes)
Tags
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