Can Price Discrimination Be Bad For Firms And Good For All Consumers A Theoretical Analysis Of Cross Market Price Constraints With Entry And Product Differentiation
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Can Price Discrimination Be Bad For Firms And Good For All Consumers A Theoretical Analysis Of Cross Market Price Constraints With Entry And Product Differentiation
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Author : Ofer H. Azar
language : en
Publisher:
Release Date : 2003
Can Price Discrimination Be Bad For Firms And Good For All Consumers A Theoretical Analysis Of Cross Market Price Constraints With Entry And Product Differentiation written by Ofer H. Azar and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with categories.
The article examines a differentiated-products duopoly model where the firms make entry decisions to two markets and then choose prices. The effects of product differentiation and entry costs are analyzed in two games: with and without price discrimination between the markets. Allowing price discrimination encourages more entry and tends to reduce prices and profits and to increase consumer welfare in both markets. The model suggests that firms might be better off if they agree not to price discriminate between different markets. It also suggests that when the market is not a natural monopoly, regulators should consider the effects of universal service requirements on entry before adopting them, because entry might be discouraged by such requirements, leading to less competitive markets.
Price Discrimination
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Author : Fouad Sabry
language : en
Publisher: One Billion Knowledgeable
Release Date : 2024-03-27
Price Discrimination written by Fouad Sabry and has been published by One Billion Knowledgeable this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-03-27 with Business & Economics categories.
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.
The Economics Of Price Discrimination
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Author : Louis Phlips
language : en
Publisher: Cambridge University Press
Release Date : 1983-06-30
The Economics Of Price Discrimination written by Louis Phlips and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1983-06-30 with Business & Economics categories.
A theoretical and unified explanation of how prices are determined in practice, written in a non-technical way.
The Economics Of Price Discrimination
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Author : George Norman
language : en
Publisher: Edward Elgar Publishing
Release Date : 1999
The Economics Of Price Discrimination written by George Norman and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with Business & Economics categories.
This volume brings together significant articles which have appeared between 1971 and 1997, analyzing the application and effects of price discrimination.
Price Discrimination Via Proprietary Aftermarkets
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Author : Eric Emch
language : en
Publisher:
Release Date : 2000
Price Discrimination Via Proprietary Aftermarkets written by Eric Emch and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000 with Aftermarkets categories.
Does Banning Price Discrimination Promote Entry And Increase Welfare A Model Of Differentiated Product Duopoly With Asymmetric Markets
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Author : Silvia Jorge
language : en
Publisher:
Release Date : 2013
Does Banning Price Discrimination Promote Entry And Increase Welfare A Model Of Differentiated Product Duopoly With Asymmetric Markets written by Silvia Jorge and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with categories.
In this paper we investigate the impact of firms' pricing policies upon entry and welfare under duopoly price competition and product differentiation. We consider a model where an incumbent serves two distinct and independent geographical markets and an entrant may enter in one of the markets. Our results show that discriminatory pricing may be either more, less or equally favorable to entry than uniform pricing. The welfare effect of banning price discrimination is also ambiguous. However, the case for banning price discrimination is much weaker than under monopoly. Interestingly, discriminatory pricing may yield higher welfare even when entry occurs only under uniform pricing.
The Economic Theory Of Product Differentiation
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Author : John Beath
language : en
Publisher: Cambridge University Press
Release Date : 1991-02-22
The Economic Theory Of Product Differentiation written by John Beath and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1991-02-22 with Business & Economics categories.
There are few industries in modern market economies that do not manufacture differentiated products. This book provides a systematic explanation and analysis of the widespread prevalence of this important category of products. The authors concentrate on models in which product selection is endogenous. In the first four chapters they consider models that try to predict the level of product differentiation that would emerge in situations of market equilibrium. These market equilibria with differentiated products are characterised and then compared with social welfare optima. Particular attention is paid to the distinction between horizontal and vertical differentiation as well as to the related issues of product quality and durability. This book brings together the most important theoretical contributions to these topics in a succinct and coherent manner. One of its major strengths is the way in which it carefully sets out the basic intuition behind the formal results. It will be useful to advanced undergraduate and graduate students taking courses in industrial economics and microeconomic theory.
The Conflict Of Price Differentiation And Price Fairness
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Author : Luisa Domanska
language : en
Publisher:
Release Date : 2019-03-19
The Conflict Of Price Differentiation And Price Fairness written by Luisa Domanska and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-03-19 with categories.
Master's Thesis from the year 2018 in the subject Business economics - Business Management, Corporate Governance, grade: 1,7, Cologne Business School Köln, language: English, abstract: The thesis describes the conflict of price differentiation strategies and the consumers' perception of price fairness in different manners. By that, the role of a price is explained in detail in the role of marketing, as well as it's role in behavioral economics regarding price fairness. Different examples, being a highly discussed topic in the current state of the art, are brought together to demonstrate the variety of this price policy. Uber, the haircutting industry as well as typical gender-based pricing or emergency situations represent crucial practices that are discussed in regard of moral and ethical limitations in terms of price fairness. Finally, the work aims to understand the limitations on price differentiation in the context of price fairness and tries to answer questions as: When is price differentiation acceptable for consumers and when should firms reconsider differential price strategies due to a perceived abuse of trust, anger or similar emotions of targeted customers? For that, an empirical social research is considered to bring first and secondary data together, and to enable the defintion of those limitations to become a little clearer.
Consumer Search And Price Discrimination Theory And Evidence From The United States Long Distance Market
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Author :
language : en
Publisher:
Release Date : 2000
Consumer Search And Price Discrimination Theory And Evidence From The United States Long Distance Market written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000 with categories.
When Gray Is Good
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Author : Karthik Murali
language : en
Publisher:
Release Date : 2020
When Gray Is Good written by Karthik Murali and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020 with categories.
We study a firm's product design, distribution, and pricing problem when it is presented with the opportunity to enter a foreign market. Specifically, we focus on identifying the product quality, product access, and consumer welfare outcomes when the firm decides to pursue new consumers in a foreign market. By analyzing a parsimonius model with heterogeneous consumer types in the firm's home market, we find that entering a foreign market expands access and improves welfare for low-valuation consumers in the home market in the presence of a gray market. This results from the firm's effort to dissuade gray market activity by leaving additional surplus to local consumers. The firm achieves this through the downward manipulation of price and quality in response to the threat from the gray market. We also explore other strategies that the firm can use to dissuade gray market activity such as product versioning and negative advertising against gray market products. We find that these strategies can aid the firm's ambitions for foreign expansion by relieving the pressure of cannibalization from the gray market, but also that they do not hurt low-valuation consumers in the home market by restricting product access.