There is a discussion on Hacker News, but feel free to comment here as well.
-6 points
I mean for things like bottled water or soda, ‘market price’ should be fine. Those are commonly bought everywhere. Things available locally should mention the current price, can’t expect guests to know trends.
12 points
*
Even for commonly sold items this practice is harmful to the consumer:
- difficult to prove someone wrong, even if their price is higher than usual
- easy to hide a higher price (“well, the local markets we shop at…”)
- if the price isn’t higher than usual, why hide it behind this
Information asymmetry shifts the power in any economic activities, and should never be encouraged.
2 points