Booking.com promises to change deceptive offers

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Bloomberg: Booking.com agrees to EU demands to change travel offers

Article published: Dec 20, 2019

IB Economics syllabus: Microeconomics (theory of the firm, monopoly power)

This article shows how one of the largest European travel fare aggregagator website uses aggressive and not too fair tactics to make users book reservations through their website. More specifically, the article is about the fact that they have worked closely with the European Commission and the Netherlands Authority for Consumers and Markets in order to stop such unfair tactics and to provide clearer information for their users, and as a result decrease the negative effects of asymmetric information.

Source of image: REUTERS/Pascal Rossignol

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By EconDaddy IB Economics tutor|2022-01-13T10:16:30+00:00December 31st, 2019|Micro|Comments Off

About the Author: EconDaddy IB Economics tutor

My name is Daniel Szekely and I work as an IB Economics tutor, examiner and teacher. Having earned an MA degree in Economics at the University of Aberdeen, I started my career as a financial analyst at Morgan Stanley, one of the largest investment banks of the world. Yet, despite the promising career prospects of the banking industry, I decided to make a larger social impact by becoming a teacher. Currently, I teach IB Economics at SEK Budapest International School and have been an examiner for over 8 years. I started EconDaddy as a simple blog to share great articles with my students and others taking IB Economics around the world to use for their commentaries. Being a practicing IB Economics tutor, I have first hand insight into the most common mistakes of students, so the EconDaddy blog now also provides exam and commentary writing tips.