Tim Harford identifies one form of this as "self-incrimination," while Robert Frank's textbooksays that the "hurdle model" is a form of this practice.
Tim Harford identifies one form of this as "self-incrimination," while Robert Frank's textbooksays that the "hurdle model" is a form of this practice. One model of this practice divides it intothree kinds based on decreasing degree of profitability and information requirement, and namesthose degrees complete, direct, and indirect. Arthur Pigou's Economics of Welfare divides thispractice into three degrees of willingness to (*) pay, quantity sold, or market segment. In some situations,this practice between wholesalers and business operators is outlawed by the Robinson-Patman Act. For 10points, identify this practice of selling the same good to different consumers at different prices.
Tim Harford identifies one form of this as "self-incrimination," while Robert Frank's textbooksays that the "hurdle model" is a form of this practice.
price discrimination