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Mike Hartigan

In article ,
says...
Mike Hartigan wrote:
In article , no-
says...

[...] Sellers control pricing.

In a free market economy, *Buyers* control pricing.

They are in a position to set prices so a
"fair" rounding scheme always produces rounding in their favor.
This adds up, and is essentially free money. I don't see how a business
could pass it up.

They can't ingore competition. Imagine that a particular style of
widget was previously priced at $1.97. If seller A rounds up to
$2.00 and Seller B rounds down to $1.95, who do you suppose makes the
sale?

[...]

I would expect that, like most other things, competition on price
alone would be ineffective.
If they are in the same consignment shop, B might have the edge.
If A is next door and B is across town, B's price is never seen.

All else being equal, the lower price gets the sale. Obviously, if
one store offers a better deal in terms of location, ambience, etc,
etc, etc, then the equation changes. The buying experience is part
of what you're buying. The consumer may feel that he's getting a
better 'product' at one store even though the widgets, themselves,
are identical. But that's a whole 'nuther discussion.