1. Sometimes one of the most desirable features of prices that vary over time is that they encourage a more efficient (and often more profitable) timing of transactions.
2. Discuss several examples where time varying prices encourage consumers to alter when they purchase or consume the product, and why this is helpful to the firm and/or society.
3. Some of the markets discussed involve the coordination of both “buyers” and “sellers”, and often time-varying pricing can also encourage a more optimal seller behavior. Discuss a few examples of cases where supply can re-allocate over time in response to price.