priceagnostic
Priceagnostic is an adjective used to describe decisions, models, or analyses that do not take price into account. In practice, it signals that price signals are deemed irrelevant to the outcome being considered, or that price is assumed to be constant or exogenous to the system under study.
In economics, price-agnostic behavior implies low or negligible price elasticity of demand, meaning changes in price
Applications include certain luxury or business-to-business settings where buyers’ decisions are driven by prestige, performance, or
Limitations include the risk of misalignment with market willingness to pay, potential profitability gaps, and the
Related concepts include price elasticity of demand, price sensitivity, value-based pricing, and price discrimination.