tag:blogger.com,1999:blog-7169279.post7355855403543660964..comments2023-11-24T03:20:02.361-07:00Comments on Tufte's Economics Classes Blog - A Living Textbook: Rebates, don’t you just love them?Dr. Tuftehttp://www.blogger.com/profile/17397586052171706438noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-7169279.post-78320349162068465132008-05-07T12:10:00.000-06:002008-05-07T12:10:00.000-06:00My understanding is that the big benefit of rebate...My understanding is that the big benefit of rebates is that quantity demanded is more elastic to the offer of a rebate than revenue is. This is the economist's way of saying people buy because of the rebate and then forget to cash them in.Dr. Tuftehttps://www.blogger.com/profile/17397586052171706438noreply@blogger.comtag:blogger.com,1999:blog-7169279.post-82450824323267612472008-04-13T16:38:00.000-06:002008-04-13T16:38:00.000-06:00Dr. Tufte,It seems to me that there are obvious be...Dr. Tufte,<BR/>It seems to me that there are obvious benefits that are attributed to rebates. If there were not then companies would not have them. Obviously having a rebate is more attractive than not having one, even if you do not use the rebate. However, as mentioned it is imperative that companies honor their rebates and not make their customers unhappy. Customer satisfaction is so Williamhttps://www.blogger.com/profile/09091219498842177845noreply@blogger.comtag:blogger.com,1999:blog-7169279.post-23547160169691213182007-10-20T17:11:00.000-06:002007-10-20T17:11:00.000-06:00This article definitely hit home for me. I always...This article definitely hit home for me. I always am drawn to goods that have rebates, but often find that I end up never taking the time to redeem them. I absolutely would love if companies eliminated rebates and just started using price reductions, but I doubt this will happen because of the loss of profit this would cause these firms. I guess I am simply guilty of liking my gratification Sophiehttps://www.blogger.com/profile/14630022479763964801noreply@blogger.comtag:blogger.com,1999:blog-7169279.post-75794400028169203032007-04-27T16:24:00.000-06:002007-04-27T16:24:00.000-06:00-1 on Joseph for a poorly formatted link. Other th...-1 on Joseph for a poorly formatted link. <BR/><BR/>Other than that, this is one of the best posts of the semester - in the sense of covering the ManEc bases.<BR/><BR/>Jacob: I thought I was bad pining over a $30 Staples rebate for a year. <BR/><BR/>BTW: Corporate Staples did the wrong thing - fighting me over the money, while the manager at the local one correctly realized that it might hurt hisDr. Tuftehttps://www.blogger.com/profile/17397586052171706438noreply@blogger.comtag:blogger.com,1999:blog-7169279.post-22426533316587078662007-04-14T20:02:00.000-06:002007-04-14T20:02:00.000-06:00I agree with you that companies make getting the r...I agree with you that companies make getting the rebate such a hassle that it is easy to eventually just give up and cut your losses. I am still hoping to receive a $5.00 rebate on some pens I bought 6 years ago! I also agree with you that it is an exceptionally good pricing strategy. I will likely buy a product with a rebate versus a similar product with no rebate. I think that the rebate Jacobhttps://www.blogger.com/profile/09035832830809040968noreply@blogger.comtag:blogger.com,1999:blog-7169279.post-8965667595841299212007-04-05T09:04:00.000-06:002007-04-05T09:04:00.000-06:00This argument is similar to the other post about t...This argument is similar to the other post about the telephone excise tax refund. Some people value their time more than the small dollar amount of a rebate. This really is the perfect way to price discriminate without making people mad. I have only redeemed one rebate in my life. I completed a rebate to get $60 a couple of months ago, but never before. I have, of course, purchased things Kamihttps://www.blogger.com/profile/12608449449703165340noreply@blogger.comtag:blogger.com,1999:blog-7169279.post-38747593048736372092007-04-02T21:03:00.000-06:002007-04-02T21:03:00.000-06:00I definitely think that this strategy works. Ther...I definitely think that this strategy works. There are many people who take advantage of such rebates. I know that if I am promised a rebate and don’t get it, I will fight and fight until I do get it. I am sure there are people that would rather not get the rebate because they figure it is not worth their time, but I think that people who buy a product with a rebate offer really want the TRhttps://www.blogger.com/profile/08822744752451419291noreply@blogger.com