Welfare-increasing third-degree price discrimination.
When demand functions in different markets are derived from distributions of reservation prices that differ only in their means, conditions exist such that third-degree price discrimination leads to greater total output and greater total welfare. Welfare is higher with discrimination than with a uni...
| Publicado en: | RAND Journal of Economics (Wiley-Blackwell) Vol. 47; no. 2; pp. 326 - 341 |
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| Formato: | Artículo |
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Wiley-Blackwell
Summer2016
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=114712569&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 114712569 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 07416261 56RJ jtl: RAND Journal of Economics (Wiley-Blackwell) issn: 07416261 maglogo: Y pubinfo: dt: Summer2016 vid: 47 iid: 2 pid: 480 pub: Wiley-Blackwell artinfo: ui: 114712569 10.1111/1756-2171.12128 ppf: 326 ppct: 15 formats: fmt: – @attributes: type: T – @attributes: type: P size: 212KB tig: atl: Welfare-increasing third-degree price discrimination. aug: au: Cowan, Simon affil: University of Oxford su: Economic demand Public welfare Markets Price discrimination Surplus (Economics) sug: subj: Economic demand Public welfare Markets Other Individual and Family Services Administration of Human Resource Programs (except Education, Public Health, and Veterans' Affairs Programs) Emergency and Other Relief Services Health and Welfare Funds Price discrimination Surplus (Economics) ab: When demand functions in different markets are derived from distributions of reservation prices that differ only in their means, conditions exist such that third-degree price discrimination leads to greater total output and greater total welfare. Welfare is higher with discrimination than with a uniform price when demand functions are derived from logistic distributions with different means. Welfare and consumer surplus are higher with discrimination for demands derived from a distribution related to the Pareto. In general, whether discrimination increases total output depends on demand being more convex in markets in which prices fall with discrimination than in those in which prices rise. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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