Costly price discrimination
Standard theory neglects that enacting price discrimination is costly to firms. When this costliness is accounted for, perfect price discrimination is often socially inefficient. For pure monopolists it is sometimes socially inefficient. For monopolistic competitors it is always socially inefficient.
Year of publication: |
2008
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Authors: | Leeson, Peter T. ; Sobel, Russell S. |
Published in: |
Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 99.2008, 1, p. 206-208
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Publisher: |
Elsevier |
Saved in:
Online Resource
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