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Third Degree Price Discrimination Revisited
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Book Synopsis Third-Degree Price Discrimination Revisited by : Youngsun Kwon
Download or read book Third-Degree Price Discrimination Revisited written by Youngsun Kwon and published by . This book was released on 2003 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper solves a simple model of third-degree price discrimination assuming two independent linear demands and discusses the effects of price discrimination on monopoly profit, consumer surplus, and social welfare. In addition, using a simple model, this paper shows that the probability that price discrimination raises social welfare increases as the preferences or incomes of consumer groups become more heterogeneous. The virtual aggregated demand curve of the price-discriminating monopoly, corresponding to its aggregated marginal revenue curve, is derived. The curve is non-linear and lies above the aggregated demand curve of simple monopoly. The results of this paper may be used to explain to students the effects of third-degree price discrimination on market outcomes.
Book Synopsis Theory of Perfect Price Discrimination Revisited by : Sang O. Park
Download or read book Theory of Perfect Price Discrimination Revisited written by Sang O. Park and published by . This book was released on 1959 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Direction of Price Changes in Third-degree Price Discrimination by : David Arthur Malueg
Download or read book Direction of Price Changes in Third-degree Price Discrimination written by David Arthur Malueg and published by . This book was released on 1992 with total page 10 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Third-degree Price Discrimination in the Age of Big Data by : George Charlson
Download or read book Third-degree Price Discrimination in the Age of Big Data written by George Charlson and published by . This book was released on 2021 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Third Degree Price Discrimination and Moral Hazard by : Stefan Felder
Download or read book Third Degree Price Discrimination and Moral Hazard written by Stefan Felder and published by . This book was released on 2003 with total page 7 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Third-degree Price Discrimination Versus Uniform Pricing by : Dirk Bergemann
Download or read book Third-degree Price Discrimination Versus Uniform Pricing written by Dirk Bergemann and published by . This book was released on 2019 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Output and Welfare Implications of Monopolistic Third-degree Price Discrimination by : Richard Schmalensee
Download or read book Output and Welfare Implications of Monopolistic Third-degree Price Discrimination written by Richard Schmalensee and published by . This book was released on 1980 with total page 14 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Third-Degree Price Discrimination by : Sylvain Weber
Download or read book Third-Degree Price Discrimination written by Sylvain Weber and published by . This book was released on 2008 with total page 14 pages. Available in PDF, EPUB and Kindle. Book excerpt: The objective of this paper is to assess how the marginal revenue of a monopoly should be plotted when the market is segmented between consumers with different demands, both in the discriminating and non-discriminating cases. The presentations offered by industrial organization textbooks concerning third-degree price discrimination are not always clear, and we believe this is due to the fact that the marginal revenue is different for both types of monopolies, even though the demands they face are absolutely identical. The quantity produced in equilibrium can therefore diverge significantly if price discrimination is feasible or not. Under certain circumstances, price discrimination may improve the situation of every market agent, producer as well as consumers.
Book Synopsis Third-Degree Price Discrimination by : Edward J. Lopez
Download or read book Third-Degree Price Discrimination written by Edward J. Lopez and published by . This book was released on 2010 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Applied work in price discrimination often treats demand curves among multiple market segments as algebraically additive. Yet the welfare effects of multi-market (third degree) price discrimination depend on the method by which demand segments are added. Treating demands as geometrically additive yields the well known result that discrimination absent an increase in production diminishes Marshallian surplus. But if demands are treated as algebraically additive then discrimination increases welfare relative to uniform pricing. Quantity is identical in the three cases, so the effect is not due to market opening. Nor is the effect due to scale economies since marginal cost is assumed constant. Profit is always greater under discrimination, so the effect is due to distributional changes in consumer surplus. The model is restricted to linear demands and constant marginal cost but can be generalized for future work and policy analysis.
Book Synopsis Third-Degree Price Discrimination and Consumer Surplus by : Simon Cowan
Download or read book Third-Degree Price Discrimination and Consumer Surplus written by Simon Cowan and published by . This book was released on 2009 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Third-degree Price Discrimination, Heterogeneous Markets and Exclusion by : Yong He
Download or read book Third-degree Price Discrimination, Heterogeneous Markets and Exclusion written by Yong He and published by . This book was released on 2002 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Comparison between Second and Third Degree Price Discrimination by : Babu Nahata
Download or read book Comparison between Second and Third Degree Price Discrimination written by Babu Nahata and published by . This book was released on 2006 with total page 10 pages. Available in PDF, EPUB and Kindle. Book excerpt: This pedagogical note discusses the differences between second and third-degree price discrimination. The comparison uses four important factors, namely, market segmentation, information about consumers, profit maximization and social welfare. The comparison shows that while market segmentation is a prerequsite for third-degree, it is an equilibrium outcome in second-degree price discrimination. The profit maximization problem is unconstrained under third-degree but it is constrained under second-degree. Both deadweight loss and consumer surplus are positive under third-degree, but they both can be zero under second-degree and the social surplus is maximum.
Book Synopsis Third-Degree Price Discrimination in Two-sided Markets by : Alexandre de Cornière
Download or read book Third-Degree Price Discrimination in Two-sided Markets written by Alexandre de Cornière and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: We investigate the welfare effects of third-degree price discrimination by a two-sided platform that enables interaction between buyers and sellers. Sellers are heterogenous with respect to their per-interaction benefit, and, under price discrimination, the platform can condition its fee on sellers' type. In a model with linear demand on each side, we show that price discrimination: (i) increases participation on both sides; (ii) enhances total welfare; (iii) may result in a strict Pareto improvement, with both seller types being better-off than under uniform pricing. These results, which are in stark contrast to the traditional analysis of price discrimination, are driven by the existence of cross-group network effects. By improving the firm's ability to monetize seller participation, price discrimination induces the platform to attract more buyers, which then increases seller participation. The Pareto improvement result means that even those sellers who pay a higher price under discrimination can be better-off, due to the increased buyer participation.
Book Synopsis Price Discrimination Under Uncertainty of Consumers' Fairness Concerns by : Tomohisa Okada
Download or read book Price Discrimination Under Uncertainty of Consumers' Fairness Concerns written by Tomohisa Okada and published by . This book was released on 2018 with total page 17 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper explores the effects of the unpredictability of consumers' fairness concerns on monopolistic third-degree price discrimination. We develop a simple repeated game framework to consider the monopolist's pricing strategy in the long run. In contrast to previous studies, we focus on an information disclosure mechanism derived from unpredictability of consumers' fairness concerns: the intensity of the resulting backlash is unknown until firms treat consumers unfairly. Although consumers' fairness concerns tend to lead to uniform pricing even in the absence of fairness unpredictability, this mechanism enhances this tendency and works to sustain uniform pricing in the long run.
Book Synopsis A Note on Pricing With Market Power by : Charles Adams
Download or read book A Note on Pricing With Market Power written by Charles Adams and published by . This book was released on 2018 with total page 7 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper points up limitations in the standard undergraduate treatment of third-degree price discrimination by monopolists. While such treatments allude to qualitative distinctions between higher and lower priced alternatives, failure to capture those distinctions in underlying cost and demand structures can result in only partial and possibly misleading conclusions about the nature and consequences of price discrimination. Building on earlier work in the derivation of quality-differentiated demand (see SSRN 'https://ssrn.com/abstract=2576773' https://ssrn.com/abstract=2576773 and 'https://ssrn.com/abstract=3107103' https://ssrn.com/abstract=3107103), the paper compares the standard analysis of price discrimination with one that explicitly accounts for monopoly power in manipulating quality choices. The example provided illustrates the potential for substantially greater profits and greater efficiency losses by forcing some groups of consumers into suboptimal quality choices once quality variations are explicitly accounted for.
Book Synopsis A General Analysis of the Output Effect Under Third-degree Price Discrimination by : Jun-ji Shih
Download or read book A General Analysis of the Output Effect Under Third-degree Price Discrimination written by Jun-ji Shih and published by . This book was released on 1988 with total page 13 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Third Degree Price Discrimination and Price Elasticities by : Thomas D. Jeitschko
Download or read book Third Degree Price Discrimination and Price Elasticities written by Thomas D. Jeitschko and published by . This book was released on 1999 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: According to conventional wisdom, if a monopolist operates in two separate markets whose respective demand functions can be ordered by elasticity, he will charge more on the market with the less elastic demand. In this paper we debunk the widespread canard that this follows from the first order profit maximization conditions. It is shown that, on the other hand, an inverse relationship between price and elasticity follows--with some qualifications--from the properties of the star partial ordering applied to the two demand functions. A number of related results are also given.
