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Author : Simon P. Anderson
Publisher :
ISBN 13 :
Total Pages : 14 pages
Book Rating : 4.:/5 (933 download)
Download or read book Price Discrimination with Costly Consumer Arbitrage written by Simon P. Anderson and published by . This book was released on 1994 with total page 14 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Simon P. Anderson
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Download or read book International Pricing with Costly Consumer Arbitrage written by Simon P. Anderson and published by . This book was released on 1998 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Consumer arbitrage affects international pricing in several ways. If all consumers face the same arbitrage costs, a monopolist's profit increases with arbitrage costs, and world welfare declines with them (if output does not rise). If arbitrage costs differ across consumers, a monopolist may sell in a second country even if there is no local demand -- it can use the second country to discriminate across consumers in the first country. Again, world welfare typically falls with arbitrage costs. When there is also local demand in the second country, world welfare may be increasing in arbitrage costs, even if output falls.
Author : Antonio Rodríguez González
Publisher :
ISBN 13 :
Total Pages : 25 pages
Book Rating : 4.:/5 (112 download)
Download or read book Price Discrimination Under Incomplete Arbitrage and Transportation Cost written by Antonio Rodríguez González and published by . This book was released on 1996 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Rajeev R. Bhattacharya
Publisher :
ISBN 13 :
Total Pages : 2 pages
Book Rating : 4.:/5 (13 download)
Download or read book Price Discrimination written by Rajeev R. Bhattacharya and published by . This book was released on 2017 with total page 2 pages. Available in PDF, EPUB and Kindle. Book excerpt: Price discrimination requires sufficient separability of customers, sufficiently high costs of arbitrage and sufficient market power. It involves transferability of the good and/or transferability of demand. It can be categorized as first degree (or perfect), second degree (or self-selection), or third degree (multimarket). Its impact on consumer surplus is ambiguous.
Author : George Norman
Publisher : Edward Elgar Publishing
ISBN 13 :
Total Pages : 624 pages
Book Rating : 4.3/5 (91 download)
Download or read book The Economics of Price Discrimination written by George Norman and published by Edward Elgar Publishing. This book was released on 1999 with total page 624 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume brings together significant articles which have appeared between 1971 and 1997, analyzing the application and effects of price discrimination.
Author : Joshua Gans
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (225 download)
Download or read book Perfect Price Discrimination with Costless Arbitrage written by Joshua Gans and published by . This book was released on 2005 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The ability of a monopoly seller to prevent resale is often presented as a necessary condition for first degree and third degree price discrimination. In this paper, the authors explore this claim and show that, even with costless arbitrage markets, price discrimination may continue to be both feasible and profit maximising despite potential resale. With finite numbers of consumers, arbitrage markets may be?thin?, in the sense that there can be too few low-valuation consumers to supply high-valuation consumers. The paper examines both ex ante and ex post arbitrage markets and shows how a monopoly can exploit potential?thinness? to profitably price discriminate. In each case, the authors present sufficient conditions for equilibrium price discrimination. The paper also notes that the form of such discrimination depends on the nature of the arbitrage market, and considers business strategies that a monopoly might adopt to exacerbate market thinness. The results show how market depth and the effectiveness of arbitrage are the key elements for price discrimination, rather than the per se prevention of reselling. These pricing strategies are critically important in the efficient management of intellectual property.
Author : Joshua Gans
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (225 download)
Download or read book Perfect Price Discrimination with Costless Arbitrage written by Joshua Gans and published by . This book was released on 2005 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The ability of a monopoly seller to prevent resale is often presented as a necessary condition for first degree and third degree price discrimination. In this paper, the authors explore this claim and show that, even with costless arbitrage markets, price discrimination may continue to be both feasible and profit maximising despite potential resale. With finite numbers of consumers, arbitrage markets may be?thin?, in the sense that there can be too few low-valuation consumers to supply high-valuation consumers. The paper examines both ex ante and ex post arbitrage markets and shows how a monopoly can exploit potential?thinness? to profitably price discriminate. In each case, the authors present sufficient conditions for equilibrium price discrimination. The paper also notes that the form of such discrimination depends on the nature of the arbitrage market, and considers business strategies that a monopoly might adopt to exacerbate market thinness. The results show how market depth and the effectiveness of arbitrage are the key elements for price discrimination, rather than the per se prevention of reselling. These pricing strategies are critically important in the efficient management of intellectual property.
Author : Fouad Sabry
Publisher : One Billion Knowledgeable
ISBN 13 :
Total Pages : 374 pages
Book Rating : 4.:/5 (661 download)
Download or read book Price Discrimination written by Fouad Sabry and published by One Billion Knowledgeable. This book was released on 2024-03-27 with total page 374 pages. Available in PDF, EPUB and Kindle. Book excerpt: What is Price Discrimination Price discrimination is a microeconomic pricing strategy where identical or largely similar goods or services are sold at different prices by the same provider in different market segments. Price discrimination is distinguished from product differentiation by the more substantial difference in production cost for the differently priced products involved in the latter strategy. Price differentiation essentially relies on the variation in the customers' willingness to pay and in the elasticity of their demand. For price discrimination to succeed, a firm must have market power, such as a dominant market share, product uniqueness, sole pricing power, etc. All prices under price discrimination are higher than the equilibrium price in a perfectly competitive market. However, some prices under price discrimination may be lower than the price charged by a single-price monopolist. Price discrimination is utilized by the monopolist to recapture some deadweight loss. This Pricing strategy enables firms to capture additional consumer surplus and maximize their profits while benefiting some consumers at lower prices. Price discrimination can take many forms and is prevalent in many industries, from education and telecommunications to healthcare. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Price discrimination Chapter 2: Monopoly Chapter 3: Monopolistic competition Chapter 4: Oligopoly Chapter 5: Perfect competition Chapter 6: Imperfect competition Chapter 7: Deadweight loss Chapter 8: Two-part tariff Chapter 9: Pricing Chapter 10: Barriers to entry Chapter 11: Yield management Chapter 12: Market power Chapter 13: Non-price competition Chapter 14: Market structure Chapter 15: Pricing strategies Chapter 16: Dynamic pricing Chapter 17: Revenue management Chapter 18: Value-based pricing Chapter 19: Rental value Chapter 20: Profit (economics) Chapter 21: Monopoly price (II) Answering the public top questions about price discrimination. (III) Real world examples for the usage of price discrimination in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Price Discrimination.
Author : Patrick M. Emerson
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (123 download)
Download or read book Intermediate Microeconomics written by Patrick M. Emerson and published by . This book was released on 2019 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Richard Schmalensee
Publisher : North Holland
ISBN 13 :
Total Pages : 640 pages
Book Rating : 4.F/5 ( download)
Download or read book Handbook of Industrial Organization written by Richard Schmalensee and published by North Holland. This book was released on 1989-09-11 with total page 640 pages. Available in PDF, EPUB and Kindle. Book excerpt: Handbook of industrial organization/Schmalensee.-V.2.
Author : Jonathan Klick
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Download or read book The Microfoundations of Standard Form Contracts written by Jonathan Klick and published by . This book was released on 2010 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Standard form contracts, or contracts of adhesion, appear to provide contradictory evidence for the operation of bargaining in the markets where they are common. Non-negotiated contract terms that seemingly benefit sellers to the detriment of buyers call into question the efficiency implications of the Coase Theorem, which forms the foundation of positive law and economics. Proponents of the behavioral school of law and economics have suggested that behavioral biases, observed in experimental contexts, provide the most plausible explanation for standard form contracts. However, price discrimination might provide a more parsimonious explanation for abusive terms in contracts. If there is heterogeneity in the value consumers place on time, individuals will have differing propensities to bargain over individual terms, allowing sellers to extract greater surplus from high time value people through standard form contracts, while allowing low time value people to change individual contract terms. One of the major virtues of this explanation (and of standard economic theory in general) is that it generates testable hypotheses about cross-sectional variation. Specifically, the likelihood of a seller offering a standard form contract should increase: 1) as consumer heterogeneity increases; and 2) as arbitrage becomes increasingly costly.
Author : Doh-Shin Jeon
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (87 download)
Download or read book Optimal Second-degree Price Discrimination Under Arbitrage written by Doh-Shin Jeon and published by . This book was released on 2005 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Doh-Shin Jeon
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (18 download)
Download or read book Optimal Second-degree Price Discrimination and Arbitrage written by Doh-Shin Jeon and published by . This book was released on 2001 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Sofronis Clerides
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Download or read book Price Discrimination with Differentiated Products written by Sofronis Clerides and published by . This book was released on 2003 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: There is no widely accepted definition of price discrimination with differentiated products. Either absolute price-cost differences or percentage price-cost markups are used as benchmarks for comparison. I show that the two criteria are qualitatively different: one may indicate price discrimination when the other does not. Moreover, anything other than marginal cost pricing will be identified as price discrimination by at least one of the two. I propose choosing a criterion based on the cost of arbitrage in the market under examination. Because this is often difficult to determine, it is advisable to always report results with both measures.
Author : Steven E. Landsburg
Publisher : World Scientific
ISBN 13 : 9811263329
Total Pages : 832 pages
Book Rating : 4.8/5 (112 download)
Download or read book Price Theory And Applications (Tenth Edition) written by Steven E. Landsburg and published by World Scientific. This book was released on 2024-03-22 with total page 832 pages. Available in PDF, EPUB and Kindle. Book excerpt: Price Theory and Applications challenges students to master the economic way of understanding the world, with equal emphasis on intuition and precise logic, and special emphasis on the interplay between them. The writing is inviting, humorous, and sometimes folksy, without sacrificing the insistence that arguments need to be airtight. Important concepts are introduced via entertaining examples and fleshed out with rigor.The learning experience is supported by a vast number of intriguing and entertaining exhibits, examples, numerical exercises, and problem sets, some integrated within the text and others included at the end of chapters. The problems vary widely in their demands on students — some are straightforward applications of the theory, while others require a great deal of creativity and a willingness to think considerably outside the box.
Author : Peter T. Leeson
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (129 download)
Download or read book Costly Price Discrimination written by Peter T. Leeson and published by . This book was released on 2009 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: In standard microeconomic theory, perfect price discrimination is socially efficient. However, this theory neglects that enacting price discrimination is costly to firms. We prove that when this costliness is accounted for, perfect price discrimination is often socially inefficient. Under linear demand and marginal cost functions, for pure monopolists, perfect price discrimination is sometimes socially inefficient. For monopolistic competitors it is always socially inefficient. Under both market structures, when perfect price discrimination is socially inefficient, it is more inefficient than uniform pricing. Our model is completely general. It applies to all price searcher market structures, with and without fixed entry costs.
Author : Daniel F. Spulber
Publisher : MIT Press
ISBN 13 : 9780262192750
Total Pages : 720 pages
Book Rating : 4.1/5 (927 download)
Download or read book Regulation and Markets written by Daniel F. Spulber and published by MIT Press. This book was released on 1989 with total page 720 pages. Available in PDF, EPUB and Kindle. Book excerpt: Regulation and Markets provides the up to date, integrated analysis of regulatory policies and the administrative process that is needed in today's field of regulation economics. The book takes a modern perspective, using the tools of industrial organization and game theory. It is the only unified treatment of the field and combines theoretical models with consideration of public policy issues in the areas of antitrust, price regulation, environmental regulation, product quality, and workplace safety. The discussion considers both the welfare effects of regulation and the institutional aspects of the administrative regulatory process. Developments in the fields of law and political science have been integrated in a rigorous manner into the economic framework.Sections of the book address administrative process and market allocation, competition and pricing under increasing returns to scale, administrative regulation of markets, and antitrust enforcement. The conclusion evaluates regulatory policy and deregulation. Extensive literature citations throughout enhance the books value as a reference.
