The Economics of Price Discrimination
This book offers a theoretical and unified explanation of how prices are determined in practice. Pricing, as observed in real life, turns out to be almost discriminatory. Four broad areas are covered: the spatial pricing of bulky products (Part I); the intertemporal pricing of storable goods, exhaustible resources, new durables, and nonstorable goods and services (Part II); two-part tariffs, commodity bundling, tie-ins, and nonlinear prices in general (Part III); and pricing of goods of...
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A theoretical and unified explanation of how prices are determined in practice, written in a non-technical way.
List of figures and tables; Preface; Preliminaries; Part I. Space:1. Business practices; 2. The isolated firm; 3. A group of firms; 4. Welfare implications; Part II. Time: 5. Business practices; 6. Storable commodities; 7. New commodities; 8. Nonstorable commodities; Part III. Income Differences: 9. Business practices; 10. Two-part tariffs and quantity-dependent prices; 11. Multiproduct pricing; 12. Imperfect information; Part IV. Quality Differences: 13. Business practices; 14. Product selection; 15. Quality uncertainty; Notes; References; Index.
