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Third-Degree Price Discrimination Revisited
The Journal of Economic Education, 2006Abstract: The author derives the probability that price discrimination improves social welfare, using a simple model of third-degree price discrimination assuming two independent linear demands. The probability that price discrimination raises social welfare increases as the preferences or incomes of consumer groups become more heterogeneous.
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Market Opening under Third-Degree Price Discrimination
The Journal of Industrial Economics, 1994There are frequently regulatory and antitrust pressures for firms to cease price discrimination and practice uniform pricing. Such pressures, however, generally have negative welfare consequences when they lead to weaker markets not being served. This paper derives conditions that determine when price discrimination will induce service to a market ...
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Third-Degree Price Discrimination with Demand Uncertainty
SSRN Electronic Journal, 2004The paper analyzes the price, output and welfare effects of third-degree price discrimination triggered by the portfolio motive of a risk-averse monopolist facing random and potentially correlated market demands. It is shown that contrary to conventional wisdom, price discrimination can occur with identical expected demands, the relatively inelastic ...
Mahmudul Anam, Shin-Hwan Chiang
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Third-Degree Price Discrimination: Apology Not Necessary
Atlantic Economic Journal, 2010Applied work in price discrimination often treats demand curves among multiple market segments as algebraically additive. Yet the welfare effects of multi-market (third degree) price discrimination depend on how the demand segments are added. Treating demands as geometrically additive yields the well known result that discrimination absent an increase ...
Edward J. Lopez, David J. Molina
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Third‐Degree Price Discrimination With Interdependent Demands
The Journal of Industrial Economics, 1998This paper analyzes the price, output, and welfare effects of third‐degree price discrimination for a monopolist who sells in two interdependent markets. The case where the two goods sold by the monopolist are complements is analyzed as well as the more typical case where the two goods are substitutes.
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Third-degree price discrimination, quality choice, and welfare
Economics Letters, 2010zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Ikeda, Takeshi, Toshimitsu, Tsuyoshi
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ON THIRD-DEGREE PRICE DISCRIMINATION IN OLIGOPOLY*
The Manchester School, 2006In this paper we analyse the effects of third-degree price discrimination on output, profit and welfare in a symmetric cost duopoly. We provide sufficient conditions for output, profit and welfare to be higher (or lower) under third-degree price discrimination in a duopoly, compared with a uniform price regime.
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Comparison Between Second and Third Degree Price Discrimination
SSRN Electronic Journal, 2006This pedagogical note discusses the differences between second and third-degree price discrimination. The comparison uses four important factors, namely, market segmentation, information about consumers, profit maximization and social welfare. The comparison shows that while market segmentation is a prerequsite for third-degree, it is an equilibrium ...
Babu Nahata +2 more
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Location choices and third‐degree spatial price discrimination
Scottish Journal of Political Economy, 2018AbstractThis paper studies how firms choose their product differentiation levels when they engage in third‐degree price discrimination in the following product market competition in a location‐price model. We show that firms will not choose to locate at the two endpoints if different consumer groups have similar sizes.
Hong Feng, Jie Ma
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Third-degree Price Discrimination, Heterogeneous Markets and Exclusion
2017This short paper analyzes the effect of heterogeneity of markets in terms of income on the exclusion of markets under uniform price by considering linear demand curves in all markets. We show that more markets (and consumers) are excluded the higher are the inter-market income differences, and that adding markets, even with lower reservation prices ...
He, Young, Sun, Guang-Zhen
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