With an invisible minimum price, the buyer sees the initial and average prices in real time and makes their offer, which is finalized at the end of the period.
The price can always be increased.
The algorithm rewards the offer, achieving maximum performance and greater capacity at the price each attendee desires.
With high demand, consumers propose a higher price; with low demand, the invisible minimum price always remains unknown.
Knowing the price of a product or service is essential for optimizing revenue.
Dynamic pricing can partially solve the problem, but…
In high-demand situations, consumers see a price increase without knowing exactly why.
In low-demand situations, the organizer ends up offering excessive discounts that undervalue their event.
Furthermore, judicial and administrative authorities monitor vendors due to a lack of information and transparency.
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