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> It seems like a really powerful way to price products, but no one appears to do it.

In a closed system. There are too many factors obfuscating the landscape in real markets (most notably consumer access).

The only tidbit is, in a new market you can overcharge.




> There are too many factors obfuscating the landscape in real markets

On the one hand, yes, but on the other hand, machine learning gives us a powerful set of tools to analyse these factors, which we could use to come up with a model that learns from the market to predict consumer surplus (but you're right about the naive economist approach).




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