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europeforvisitors - 3:24 pm on Jan 26, 2008 (gmt 0)
Here's how Google explains it to advertisers: "Google's smart pricing feature automatically adjusts the cost of a keyword-targeted content click based on its effectiveness compared to a search click. So if our data shows that a click from a content page is less likely to turn into actionable business results -- such as online sales, registrations, phone calls, or newsletter signups -- we reduce the price you pay for that click." And here's a Google "Facts about Smart Pricing" page for publishers: [adsense.blogspot.com...]
What is smart price?