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perfect price discrimination

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  • Price Discrimination — A pricing strategy that charges customers different prices for the same product or service. In pure price discrimination, the seller will charge each customer the maximum price that he or she is willing to pay. In more common forms of price… …   Investment dictionary

  • Price discrimination — or price differentiation[1] exists when sales of identical goods or services are transacted at different prices from the same provider.[2] In a theoretical market with perfect information, perfect substitutes, and no transaction costs or… …   Wikipedia

  • The Price Is Right (U.S. game show) — The Price Is Right Format Game show Created by Mark Goodson Bill Todman Directed b …   Wikipedia

  • Richard Price — (February 23, 1723 ndash; April 19, 1791), was a Welsh moral and political philosopher. Early career He was born at Tynton, Glamorgan, the son of a dissenting minister. Educated privately and at a dissenting academy in London, he became chaplain… …   Wikipedia

  • Monopoly — This article is about the economic term. For the board game, see Monopoly (game). For other uses, see Monopoly (disambiguation). Competition law Basic concepts …   Wikipedia

  • Pacman conjecture — The Pacman Conjecture holds that durable goods monopolists have complete market power and so can exercise perfect price discrimination thus extracting the total surplus [Coase versus Pacman: Who Eats Whom in the Durable Goods Monopoly?Author(s):… …   Wikipedia

  • Airline — For other uses, see Airline (disambiguation). Airline A Boeing 767 300ER of Delta Air Lines, one of the world s largest passenger airlines …   Wikipedia

  • Market failure — is a concept within economic theory wherein the allocation of goods and services by a free market is not efficient. That is, there exists another conceivable outcome where a market participant may be made better off without making someone else… …   Wikipedia

  • Business ethics — For the episode from the American television series The Office, see Business Ethics (The Office). Business ethics (also corporate ethics) is a form of applied ethics or professional ethics that examines ethical principles and moral or ethical… …   Wikipedia

  • Two-part tariff — A two part tariff is a price discrimination technique in which the price of a product or service is composed of two parts a lump sum fee as well as a per unit charge. As with all price discrimination techniques, it may only occur in partially or… …   Wikipedia

  • Mechanism design — The Stanley Reiter diagram above illustrates a game of mechanism design. The upper left space Θ depicts the type space and the upper right space X the space of outcomes. The social choice function f(θ) maps a type profile to an outcome. In games… …   Wikipedia

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