Academic research can seem rather odd to people not at a university. Most of it seems obscure, until somebody needs to find the expert on a particularly troublesome topic.
This podcast explores some research done about 15 years ago by one of the members of GREG. The discussion at the top of the page by the interviewer shows how this work shifts thinking on the connections amongst list prices, selling prices and how long it takes to sell, and is followed by the podcast. (Click on the green arrow at the bottom to listen to the podcast itself.)
Understanding this very old problem has implications for understanding some current dilemmas. Continue reading