Why I Am Paying MoreAuthor/s: Satish Y Deodhar

Why is it that airline tickets booked well in advance are always cheaper?
How would Phoolan Devi and Veerappan react to a case of Prisoners’ Dilemma?
Professor Satish Y. Deodhar explains the dynamics of pricing with respect to demand and supply, and the various market structures like perfect competition, monopoly, monopolistic competition and oligarchy through everyday examples and case studies.