price discrimination


Also found in: Financial, Wikipedia.

price discrimination

n
(Commerce) economics the setting of different prices to be charged to different consumers or in different markets for the same goods or services
References in periodicals archive ?
The proposal to tackle unfair price discrimination was published this afternoon (28 October 2015) as part of the European Commission s Internal Market Strategy, which contains a package of positive measures that responds to UK calls for accelerated progress towards completing the single market.
Jeromie Ballreich (Johns Hopkins University) Price Discrimination in the U.
Lecture 7: Price discrimination and cross subsidies in banking - should regulators be interested?
Price discrimination occurs when a company sells similar goods to
Leaving aside the particular circumstances that can be found in specific industries (pharmaceuticals, for example), this reviewer finds this position to be quite puzzling, especially since (1) certain forms of price discrimination benefit more price-sensitive customers who often have lower incomes; and (2) economic value is best thought of as being subjective (what is someone willing to exchange for a commodity, good, service, or experience?
Historically, sports franchises have been very creative users of price discrimination techniques, as shown by Rascher and Schwarz's (2012) taxonomy of price discrimination in baseball.
explains antitrust law in a way that helps law students learn basic economic theory and the interrelatedness of antitrust issues through examples and explanations that move from general to specific concepts, addressing market power, the three major causes of action, and peripheral issues such as intellectual property, price discrimination, procedural issues, and the scope of antitrust.
Yet, there is nothing sinister or even unusual about a firm engaging in price discrimination.
After a short introduction into the need for price discrimination in the aviation sector and into the typical price-discriminating methods employed by carriers (section 2) the main ways of circumvention are presented in section 3.
The Association of British Insurers estimates that the decision will actually reinforce price discrimination, with women drivers under 26 in the UK facing a 25% rise in car insurance rates, with a 10% drop in rates for all for men.
Gerardi of the Federal Reserve Bank of Atlanta have taken a look at price discrimination and its role in the airline industry.
The possibilities of instituting positive as well as negative pricing imposed on either or both senders and receivers are considered, as well as that of comprehensive price discrimination for the sake of increasing the firm's own profits, and which could also bring about an increase in consumer surplus as well as total welfare.