There’s a “Beer Exchange Bar,” Where Prices Fluctuate According to Demand, Like Stocks

Most people do NOT like the idea of “dynamic pricing”, because it always seems like that’s code for, “Oh, you want this?  Well, it’s a little more expensive right now.  Too bad you didn’t want it earlier!”

But THIS is a concept that might be interesting:  There’s a “Beer Exchange” bar in China, where the prices fluctuate according to demand in real time, like the stock market.

It’s supposed to be a fun thing.  There’s a large circular display in the middle . . . showing the current prices.  Rising beer prices are in red, with falling ones in blue.

Prices can only fluctuate by 10% every day . . . so there can’t be any “serious market manipulation.”  (To give you a rough idea, that’s kind of like $1 up and down.)

On a weekly basis, the bar can adjust the prices around 20%, to incentivize beer drinkers to try the less popular beers, while you might have to pay a premium to have the more popular brews.

(Here’s some footage of it.)

 

 

(China Daily)