Price Discrimination in Asymmetric Industries PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Price Discrimination in Asymmetric Industries PDF full book. Access full book title Price Discrimination in Asymmetric Industries by Hinnerk Gnutzmann. Download full books in PDF and EPUB format.
Author: Hinnerk Gnutzmann Publisher: ISBN: Category : Languages : en Pages : 18
Book Description
Price discrimination by consumer's purchase history is widely used in regulated industries, such as communication or utilities, both by incumbents and entrants. I show that such discrimination can have surprisingly negative welfare effects -- even though prices and industry profits fall, so does consumer surplus. Earlier studies that did not allow entrants to discriminate or assumed symmetric firms yielded sharply different results, the pro-competitive effect of price discrimination are stronger in these settings. Imposing a pricing constraint on incumbent's discrimination leads the entrant to discriminate more heavily, but still improves both consumer and producer welfare.
Author: Hinnerk Gnutzmann Publisher: ISBN: Category : Languages : en Pages : 18
Book Description
Price discrimination by consumer's purchase history is widely used in regulated industries, such as communication or utilities, both by incumbents and entrants. I show that such discrimination can have surprisingly negative welfare effects -- even though prices and industry profits fall, so does consumer surplus. Earlier studies that did not allow entrants to discriminate or assumed symmetric firms yielded sharply different results, the pro-competitive effect of price discrimination are stronger in these settings. Imposing a pricing constraint on incumbent's discrimination leads the entrant to discriminate more heavily, but still improves both consumer and producer welfare.
Author: José Neuman De Souza Publisher: Springer Science & Business Media ISBN: 3540225714 Category : Computers Languages : en Pages : 1415
Book Description
This book constitutes the refereed proceedings of the 11th International Conference on Telecommunications, ICT 2004, held in Fortaleza, Brazil in August 2004. The 188 revised full papers presented were carefully reviewed and selected from 430 submissions. The papers are organized in topical sections on multimedia services, antennas, transmission technologies and wireless networks, communication theory, telecommunication pricing and billing, network performance and telecommunication services, active network and mobile agents, optical photonic techniques, optical networks, ad-hoc networks, signal processing, network performance and MPLS, traffic engineering, SIP, Qos and switches, network operation management, mobility and broadband wireless, cellular system evolution, personal communication, satellites, mobility management, network reliability, ATM and Web services, security, switching and routing, next generation systems, wireless access, Internet, etc.
Author: Mark Armstrong Publisher: Elsevier ISBN: 008055184X Category : Business & Economics Languages : en Pages : 943
Book Description
This is Volume 3 of the Handbook of Industrial Organization series (HIO). Volumes 1 & 2 published simultaneously in 1989 and many of the chapters were widely cited and appeared on graduate reading lists. Since the first volumes published, the field of industrial organization has continued to evolve and this volume fills the gaps. While the first two volumes of HIO contain much more discussion of the theoretical literature than of the empirical literature, it was representative of the field at that time. Since then, the empirical literature has flourished, while the theoretical literature has continued to grow, and this new volume reflects that change of emphasis.Thie volume is an excellent reference and teaching supplement for industrial organization or industrial economics, the microeconomics field that focuses on business behavior and its implications for both market structures and processes, and for related public policies.*Part of the renowned Handbooks in Economics series*Chapters are contributed by some of the leading experts in their fields*A source, reference and teaching supplement for industrial organizations or industrial economists
Author: Takanori Adachi Publisher: Springer Nature ISBN: 981993205X Category : Business & Economics Languages : en Pages : 85
Book Description
This book provides an updated overview of the recent progress in the theoretical study of third-degree price discrimination. It is a marketing tactic and is said to be present if the unit price is different across different groups of buyers. Its welfare evaluation is often difficult because it entails two countervailing effects: on one hand, it exploits surplus from consumers who have high willingness-to-pay, but on the other hand, it generates gains from trade from consumers who otherwise would not purchase the good. Recognizing this difficulty, we provide new insights on evaluation of third-degree price discrimination in consideration of network effects and vertical product differentiation. Our analysis is particularly useful for the industries related to information and communication technologies (ICT) because these two elements characterize them. Furthermore, we also study the welfare effects of third-degree price discrimination under imperfect competition other than monopoly. At first, it seems that it may complicate the analysis under monopoly. However, we argue that the main thrusts of analysis under monopoly carry over to the case of oligopoly. We also take into account behavioral aspects and their implications for studying third-degree price discrimination. Overall, this book is designed to provide implications for contemporary management and policy issues by advancing theoretical issues in industrial organization.
Author: Massimo Marrelli Publisher: Springer Science & Business Media ISBN: 1461515831 Category : Business & Economics Languages : en Pages : 212
Book Description
The problems arising from the existence of asymmetric information in public decision making have been widely explored by economists. Most of the traditional analysis of public sector activities has been reviewed to take accountofthe possible distortions arising from an asymmetric distribution of relevant information among the actors of the public decision-making process. A normative approach has been developed to design incentive schemes which tackle adverse selection and moral hazard problems within public organisations: our understanding of these problems is now much better, and some of the mechanisms designed have had important practical implications. While this analysis is still under way in many fields of public economics, as the papers by Jones and Zanola, and Trimarchi witness, a debate is ongoing on the possible theoretical limitations ofthis approach and on its actual relevance for public sector activities. This book encompasses different contributions to these issues, on both theoretical and practical areas, which were firstly presented at a conference in Catania. The innermost problem in the current discussion arises from the fact that this normative analysis is firmly rooted in the complete contracting framework, with the consequence that, despite the analytical complexities of most models, their results rely on very simplified assumptions. Most complexities of the organisation of public sector, and more generally, of writing "contracts", are therefore swept away.
Author: Kenneth Stevens Corts Publisher: ISBN: Category : Languages : en Pages : 31
Book Description
Price discrimination by imperfectly competitive firms may intensify competition, leading to lower prices for all consumers; the trade-off of consumer groups' welfare that is characteristic of monopolistic discrimination need not arise. This escalation of competition may make firms worse off, and as a result firms may wish to avoid the discriminatory outcome. Under conditions similar to those in which unambiguous price and welfare effects may arise, unilateral commitments not to price discriminate - including the adoption of every day low-pricing or no-haggle policies - may raise firm profits by softening price competition.
Author: Yongmin Chen Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
This paper considers variants of a dynamic duopoly model where one firm has a stronger market position than its competitor. Consumers' past purchases may reveal their different valuations for the two firms' products. Price discrimination based on purchase histories tends to benefit consumers if it does not cause the weaker firm to exit; otherwise it can harm consumers. The effect of price discrimination also depends on firms' cost differences, market competitiveness, and consumers' time horizon. The stronger firm may price below cost in the presence of consumer switching costs, with the purpose and effect of eliminating competition.
Author: Hinnerk Gnutzmann
Author: Hinnerk Gnutzmann
Author: José Neuman De Souza
Author: Mark Armstrong
Author: Jeremy A. Verlinda
Author: Arijit Mukherjee
Author: Takanori Adachi
Author: Massimo Marrelli
Author: Kenneth Stevens Corts
Author: Yongmin Chen
Author: Louis Phlips