@Giorgos_Lialios@telloglou Πολύ ενδιαφερον άρθρο. Αξίζει επίσης να σημειωθεί ότι στο συγκεκριμένο σημείο υπάρχουν ιδιαιτέρα πλούσια λιβάδια Ποσειδωνίας όπως έχουν χαρτογραφηθεί εδώ (και που μάλλον θα υποστούν ζημιές όταν έρθουν τα πελώρια ιδιωτικα κότερα): https://t.co/avm4hzI2Du
Have you ever been shown one price when shopping online, and then ended up having to pay a significantly higher price at checkout due to various fees and add-ons?
This is known as “drip pricing”, and new research by Alma Economics shows that it is likely causing UK consumers to spend an additional £595 million to £3.5 billion when shopping online each year.
While many online shoppers have encountered drip pricing (so named because additional fees are “dripped” throughout the checkout process), until now it has been unclear how prevalent it is among retailers in the UK, and therefore what impact it has on UK consumers. So, @biztradegovuk commissioned Alma Economics to shed more light on the practice.
We manually collected and analysed data from 525 online providers in four sectors (retail, hospitality, entertainment, and transport & communication), going through the checkout process for goods and services and gathering data on dripped fees. We then classified the harmfulness of these fees based on pre-determined criteria.
In addition to estimating the overall additional cost to consumers, we found that:
· Close to half of the 525 providers in our sample included at least one dripped fee (not including delivery fees) as part of their checkout process.
· Out of the four sectors, dripped fees are most frequently found in the transport & communication sector, and least frequently in retail.
· 41% of providers included dripped fees that met more than one criterion of harm (for instance that the fee was mandatory).
Further, the true total detriment to UK consumers due to dripped fees is likely to be higher than our estimate of £595 million to £3.5 billion, as our model did not factor in the impact of search costs or consumers selecting multiple optional fees.
These findings demonstrate that greater scrutiny of drip pricing is likely needed in the UK to protect consumers.
Read the full report here: https://t.co/njJOkrrArd
In 2022 our work for @BFI investigating the economics and viability of the UK independent film industry was published. We are now proud to present Lights, Camera, Economics, a short documentary on (and love letter to) UK independent film https://t.co/UxCsvKjbYs
An extra 10,500 children could go into care in England, costing £1bn more over ten years. That's the conclusion of research exclusively shared with @Channel4News by five leading children's charities:
@C4Ciaran has been looking at the numbers.
$44 billion has been mentioned a lot following #ElonMusk's purchase of Twitter. We wanted to get a better sense of just how much money this is, so we got our infographics team to throw these visuals together.
Spoiler alert: It’s a lot.
#infographic#44Billion
@rowhoop@propublica For fun I calculated how long it would take to pick this up. If you could average gathering 10 dollars every second, in an 8 hour work day you could make $288,000. Working 365 days a year it would take 1,246 years to pick up all of Jeff Bezos's money.
A fascinating and deeply researched piece about Peter Thiel's mysterious Palantir and Europe. Bravo @daniel_howden@Balkanizator https://t.co/H1q5apUg7o
A little journalism trick I've discovered: the secret to writing accurate predictions is to set them far enough in the future so that you are dead before you are wrong. 👇https://t.co/7phJ1fAmT9
@fionaleslie I think morbid fascination is pretty universal. But what I find most sinister are all those US primetime procedurals with cops making glib comments over gruesome shots of brutalized corpses. Meanwhile if a (living) woman's breast is so much as flashed on TV it's a scandal.