Student discounts are an example of the third-degree type of this practice in which different consumer groups are offered different rates.
Nancy Stokey found that an intertemporal form of this practice is unprofitable in the absence of production costs. A 1933 book by Joan Robinson created the categories of "strong" and "weak" markets to gauge the effects of this practice. Arthur Pigou distinguished between "complete," "direct," and "indirect" types of this practice in his Economics of Welfare. When there are no transaction costs, arbitrage is a possible risk involved with this practice. The Robinson–Patman Act was an early attempt to prohibit anti-competitive forms of this practice. Student discounts are an example of the third-degree type of this practice in which different consumer groups are offered different rates. For 10 points, name this economic strategy in which the same goods are sold at different prices in different markets.
Nancy Stokey found that an intertemporal form of this practice is unprofitable in the absence of production costs.
price discrimination [accept more specific forms, such as third-degree price discrimination; prompt on discrimination] &lt;Social Science&gt;