Podcast appearances and mentions of price discrimination

In this week's episode, host Daniel Raimi talks with Jenya Kahn-Lang, a fellow at Resources for the Future, about electricity prices in markets where private companies determine the costs for customers. Kahn-Lang explains why households in the same utility service area may pay different prices for the same amount of electricity, why customers may be unaware that they're paying excessively high prices, and why low-income communities and communities of color often face higher prices for power. References and recommendations: “Competing for (In)attention: Price Discrimination in Residential Electricity Markets” by Jenya Kahn-Lang; https://drive.google.com/file/d/1IClpnaf3gVy3X94YWhLtSSTMWKTzi16K/view CirclesX lawsuit; https://www.texasstandard.org/stories/winter-storm-uri-2021-texas-market-manipulation-lawsuit-circlesx-electric-grid/

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In this episode, Alex starts by giving an update on the Bird Flu (H5N1) outbreak. The USDA is now calling for all dairy to be tested. Alex discusses what is going on and wonders how close we are to a pandemic. For the rest of the episode, Alex re-airs a popular episode he did on skiing and price discrimination in the industry. The episode remains evergreen and relevant. After boom or bust seasons based on snowpack, large corporations like Vail Resorts ended up learning that they could charge different prices to different customers and make record profits. This led to overselling the Epic Pass (at a decent price), while also rising the average cost of day tickets. In a good season, this can lead to chaos and overcrowding (but profits), and in bad seasons, the passholders still feel obligated to ski. Basically, the ski industry has been able to increase output and demand (which is difficult in economics). Alex argues that this is why skiing feels less accessible than ever before but also more accessible at the same time. At the same time, price discrimination seems to be a new trend in the US economy and shows how the ski industry, the airline industry, and restaurants can make profits. 

Ron and Ed dive deep into the contentious world of price discrimination. They explore how businesses leverage consumer data and market segmentation to charge different prices for the same product, sparking debate over fairness and ethical boundaries. The episode will speak to the pros and cons, highlighting cases where price discrimination can lead to perceived exploitation or savvy business strategy. Listeners will gain insight into the legal frameworks that both restrain and permit these practices across various industries. Tune in to unravel the complexities of price discrimination and its profound impact on both businesses and consumers.

Today we're sharing a recent interview Erik gave to Alex LaBossiere that covers lots of themes we discuss on Moment of Zen - including Erik's views on tech vs. the media, hypocrisy of the elites, risk orientation, and the thesis behind Turpentine. Grow your newsletter with Beehiiv, head to https://Beehiiv.com and use code "MOZ" for 20% off your first three months -- SPONSORS: NETSUITE | BEEHIIV | SQUAD NETSUITE

Diskriminasi harga adalah strategi penetapan harga yang digunakan perusahaan untuk mendapatkan uang sebanyak mungkin saat menawarkan produk atau layanan. Dengan memahami konsep ini, perusahaan dapat mengoptimalkan pendapatan mereka melalui penyesuaian harga yang cerdas, memanfaatkan perbedaan preferensi konsumen. Artikel ini akan membahas lebih lanjut tentang strategi ini dan bagaimana implementasinya dapat membawa manfaat signifikan bagi pertumbuhan bisnis.

In this episode, Alex starts by debunking the idea that Donald Trump is an isolationist in foreign policy. He argues that Trump is actually quite involved in foreign policy, he just doesn't agree with the current alliance-based system. Next, Alex dives into the economic changes happening in the United States' skiing industries. After boom or bust seasons based on snowpack, large corporations like Vail Resorts ended up learning that they could charge different prices to different customers and make record profits. This led to overselling the Epic Pass (at a decent price), while also rising the average cost of day tickets. In a good season, this can lead to chaos and overcrowding (but profits), and in bad seasons, the passholders still feel obligated to ski. Basically, the ski industry has been able to increase output and demand (which is difficult in economics). Alex argues that this is why skiing feels less accessible than ever before but also more accessible at the same time. At the same time, price discrimination seems to be a new trend in the US economy and shows how the ski industry, the airline industry, and restaurants can make profits. Finally, Alex talks about how the Supreme Court has decided to hear Trump's immunity case. It seems like SCOTUS is trying to stall a trial and it will help Trump in the election. 

Price Discrimination is expanding into new frontiers!! From AMC's seat-based pricing, Netflix'ss push to block password sharing, Twitter Blue, and the newly announced Meta Verified (announced a couple of days after we recorded), the media and entertainment business is taking another round at using the good ol' concept to organize customer offerings based on willingness to pay. In this episode, Eitan and Carl break down AMC and Netflix's latest attempts. Before that, Eitan joins the Babylon Hive. Will Carl try to pull him? Would he encourage it? Listen to find out! Eitan

Price discrimination | Price discrimination is a pricing strategy whereby firms charge customers different prices for the same product or service depending on a number of factors such as demographics or on how they value the product or service.

Mainstream economists say everyone should pay the same price for the same good. But that doesn't totally make sense. Original Article: "Why I Love "Price Discrimination"" This Audio Mises Wire is generously sponsored by Christopher Condon.

Mainstream economists say everyone should pay the same price for the same good. But that doesn't totally make sense. Original Article: "Why I Love "Price Discrimination"" This Audio Mises Wire is generously sponsored by Christopher Condon.

You’re listening to Economic Forces, a free weekly newsletter and podcast on economics, especially price theory, without the politics. You can support our newsletter by signing up here:Welcome to Episode 9 of the Economic Forces Podcast! We interview Garrett Scott about his job market paper "Screening with Refunds: Evidence from the Airline Industry." We discuss what makes airline pricing unique, especially the regulation and uncertainty involved, and the impact of price discrimination through refunds on the level of efficiency within the airline market.You can listen above or on your favorite podcast app. If you don’t see Economic Forces on your podcast app, try adding the following RSS feed directly: https://api.substack.com/feed/podcast/86578.rss.Below you’ll find a teaser clip and the full interview. Enjoy! Get full access to Economic Forces at pricetheory.substack.com/subscribe

You may have heard the term pink tax referenced before, but do you know what it means? This week, Nicole and Gina get fired up about the fact that women are still having to pay extraneous prices for the products they buy and the services they get. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app --- Send in a voice message: https://anchor.fm/saltychicks/message

Episode #79 with Henry and Dylan -- Employees, bosses, creatives, EVERYONE needs to hear the surprising truth about what motivates us. Dishin' out Smart Nonsense about:Where do you get your DRIVE from?How do you build an intrinsically motivated team?The TWO outdated beliefs about motivation you should knowLinks:Drive by Daniel H. PinkBook Club: What Every BODY is Saying by Joe Navarro | Smart Nonsense Pod #56Pod Club: Nick Kokonas—First Principles, Price Discrimination, and Surviving COVID | Smart Nonsense Pod #58Book Club: Deep Work by Cal Newport | Smart Nonsense Pod #63Ryan Biery: Art and Industrial Design, Sneaking onto a College Hockey Team, and Freelancing | Smart Nonsense Pod #74Rework by David Heinemeier Hansson and Jason FriedThe Rational Optimist by Matt RidleyFooled by Randomness by Nassim TalebSave the Darfur Puppy by Nicholas Kristof | The New York TimesAtlassianFrameThe Queen’s Gambit | IMDbJames AltucherHere's the full Show Notes.Watch on YouTube & Subscribe.Watch Henry's last YouTube video.P.S. Toss us a 5-star review :)

The pink tax refers to the extra amount of money women pay for specific products or services. In this episode, Hillary and Erika discuss what the pink tax is and disect the retail analytics of why it even exists. Tune in until the very end to hear how you can fight the pink tax!Episode Cocktail: Pretty in Pink 3 oz vodka1.5 oz of St. Germain elderflower liqueur½ of a grapefruit (juiced). ½ of a lemon (juiced). Garnish: 1 to 2 sprigs of rosemary. Mix the ingredients in a shaker with ice. Shake well. Pour into a glass without straining and garnish with rosemary.Buzzsprout - Let's get your podcast launched! Start for FREEDisclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you.Support the show (https://www.patreon.com/cocktailsandcapitalism)

Episode #76 with Henry and Dylan—Today they're discussing The Magic of Thinking Big, a book by David J. Schwartz.Read today's BOOK CLUB BOOK: The Magic of Thinking BigThe Magic of Thinking Big by David J. SchwartzDishin' out Smart Nonsense about:Why you must stop making excuses and take control of your lifeHow does your environment influence your path to success?Could you be better than the most successful person you know?LinksLessons from 7 Years Working in Restaurants | Smart Nonsense Pod #51Pod Club: Nick Kokonas—First Principles, Price Discrimination, and Surviving COVID | Smart Nonsense Pod #58Book Club: Inner Game of Tennis: The Classic Guide to the Mental Side of Peak Performance | Smart Nonsense Pod #66Steph Smith: Working From Home, Creating Quality Content, and Learning to Code | Smart Nonsense Pod #68What Will You Learn: Talking With The Most Prolific Book Reviewers on the Internet | Smart Nonsense Pod #71Noah Cowan: Jeopardy! and The Art of Dabbling | Smart Nonsense Pod #73George Hotz: Comma.ai, OpenPilot, and Autonomous Vehicles | Lex Fridman Pod #31George Hotz: Hacking the Simulation & Learning to Drive with Neural Nets | Lex Fridman Pod #132Bill Burr Stand-Up Monologue | Saturday Night LiveMonday Morning Podcast | Bill BurrOn Writing Well by William ZinsserThanks A Thousand by A. J. JacobsNaval RavikantJeff BezosJoe RoganTim FerrissJocko WillinkGeorge S. PattonSteve JobsKen HenryHere's the full Show Notes.Watch on YouTube & SubscribeWatch Henry's last YouTube video.P.S. Toss us a 5-star review :)

Discounts for the elderly or students may seem generous - but they win more customers. When businesses ask how they can make as much money as possible from each customer, they need a sophisticated pricing strategy. Betsey Stevenson and Justin Wolfers take a look at who gets a discount and why.Co-host: Nastaran Tavakoli-Far. Editor: Alastair Elphick. A Modulated Media Production

How do monopolists set their optimal price, and how can firms increase their profits by charging different prices to different customers for the same product or service?

Episode #72 with Henry and Dylan—Today they're talking to Tomas, a friend from Brown about their travels together. Dishin' out Smart Nonsense about:How travel and sports transform friendshipsShould we change the office hour system?Why you must start saying YES to travelLinksFriend Chats: How to Hustle Your Way to Wall Street | Smart Nonsense Pod #19Pod Club: Interview with Kevin Kelly—Co-Founder of Wired & Most Interesting Man In The World?—on Tim Ferriss Show | Smart Nonsense Pod #25Book Club: Excellent Sheep Pt. 1 | Smart Nonsense Pod #34The reality of traveling in China | Smart Nonsense Pod #36Book Club: Zero to One | Smart Nonsense Pod #45Things You Should Know Before Traveling in Colombia | Smart Nonsense Pod #57Pod Club: Nick Kokonas—First Principles, Price Discrimination, and Surviving COVID | Smart Nonsense Pod #58Robbie Crabtree: The art of Performative Speaking | Smart Nonsense Pod #64WE CLIMBED KILIMANJARO | Kilimanjaro Trek via Machame Route (The Kilimanjaro Vlog 2020) | Henry BelcasterSALKANTAY - A Journey to Machu Picchu | Bold IntrovertElizabeth WarrenRichard FeynmanAnthony BourdainHabari AdventureMedtronic[Heads up: Sometimes we get a $ kickback from these recs, so if you buy, thanks for supporting the pod.]Here's the full Show Notes.Watch on YouTube & SubscribeWatch Henry's last YouTube video.P.S. Toss us a 5-star review :)

Michael Mandel talks with Michael Baye and Jeff Prince, authors of Managerial Economics & Business Strategy, about price discrimination in the Covid Economy.

Episode #69 with Dylan—Today he's talking to Andrew Yu, a product manager at LinkedIn.Dishin' out Smart Nonsense about:Online networking: The impact it brings in today’s generationHow do you establish your authority?The untruth behind “Follow Your Passion”LinksConnect with Andrew Yu: Website | Email | TwitterServant Networking: Serve, Don't Network | The Action | Andrew’s WritingsAvthar Sewrathan: How to Stumble Upon a Business Idea | Smart Nonsense Pod #37Pod Club: Nick Kokonas—First Principles, Price Discrimination, and Surviving COVID | Smart Nonsense Pod #58Robbie Crabtree: The art of Performative Speaking | Smart Nonsense Pod #64Eigenquestions — Framing the problem and asking the right questionGood Product Manager/Bad Product Manager.) | Ben HorowitzNext Play Speed | Play PresentVector Theory of Impact | Sam AltmanServant Leadership by Robert K. GreenleafWrite of Passage | David PerellNorth Star Podcast | David PerellWait But Why | Tim UrbanThe Alinea Group | Nick KokonasCameo | Steven GalanisStripe | Elon MuskAmeriCorpsCodecademyLinkedIn LearningCourseraThe Social Dilemma | IMDbAvthar SewrathanRobbie CrabtreeJack ButcherPaul GrahamPhil JacksonTrevor WallaceHere's the full Show Notes.Watch on YouTube & SubscribeWatch Henry's last YouTube video.P.S. Toss us a 5-star review :)

Episode #66 with Henry and Dylan—Today they're discussing The Inner Game of Tennis, a book by Timothy Gallwey. Read today's BOOK CLUB BOOK:The Inner Game of Tennis by Timothy GallweyDishin' out Smart Nonsense about:Boost your performance with this coaching techniqueHow do you meditate?The best way to gain confidence and real happinessLinksThe Inner Game of Tennis by Timothy GallweyThe Inner Game of Golf by Timothy GallweyPod Club: Nick Kokonas—First Principles, Price Discrimination, and Surviving COVID | Smart Nonsense Pod #58Michael LewisNaval RavikantPete CarrollSteve KerrAl GoreHere's the full Show Notes.Watch on YouTube & SubscribeWatch Henry's last YouTube video.P.S. Toss us a 5-star review :)

In this episode, we discuss about how both Airbnb and the covid crisis are impacting housing in big cities recently. Also, back in march 2020, you may remember a boom in plane's tickets prices; Lanny and Justin discuss about if it should be considered under the demand or the price discrimination scope. During the main microeconomic topic of the day, we will try do answer the question: Is price discrimination ethical? Among multiple examples, we will try to understand the three types of price discrimination which exist. If you want to react and be a part our podcast, send us a voice or a text message at one of the following addresses: @gregoire_mld on Instagram, or with the function message here https://anchor.fm/everydayeconomics, or e-mail. Stay safe and see you next week!

Episode #58 with Henry and Dylan—Today they're talking about Nick Kokonas, an American restaurant executive and author.Dishin' out Smart Nonsense about:Nick Kokonas: How he succeeded by challenging the normsHow to make your business thrive amidst COVIDThe power of “I don’t know” and “So we have to”Watch on YouTube & SubscribeLinksNick Kokonas — How to Apply World-Class Creativity to Business, Art, and Life | The Tim Ferriss ShowNick Kokonas on Resurrecting Restaurants, Skin in the Game, and Investing | The Tim Ferriss ShowAlinea by Grant AchatzThe Aviary Cocktail Book by Grant AchatzThe Innovation Stack by Jim McKelveyFreakonomics by Stephen J. Dubner and Steven LevittKitchen Confidential by Anthony BourdainFooled by Randomness by Nassim TalebSurely You're Joking, Mr. Feynman! by Richard FeynmanAntifragile by Nassim Nicholas TalebThe Magic of Thinking Big by David J. SchwartzHow to Become TripAdvisor’s #1 Fake Restaurant | VICEJocko Podcast | YouTubeWait But Why | Tim UrbanHow I Built This with Guy Raz | NPRTockOpenTableHere's the full Show Notes.Watch on YouTube & SubscribeWatch Henry's last YouTube video.P.S. Toss us a 5-star review :)

Podcast Notes Key Takeaways You can charge people differently based on their propensity to payBut – You’re legally not allowed to do this without offering them something extraBusiness class seats usually cost 5-10x an economy seat, but it probably only costs the airline 2-3x provide itRich people are more willing to payAll you have to is provide them with the “extra” which allows them to signal their wealthiness or gives them an added level of comfortPrice discrimination gets used a lot in enterprise softwareThe free version does almost everything the version you have to pay for doesRead the full notes @ podcastnotes.orgYou can charge people for extras based on their propensity to pay. • Price discrimination is a technique for charging certain people more 0:00 • Rich people and large enterprises are willing to pay more 0:51 Transcript: http://nav.al/price-discrimination

You can charge people for extras based on their propensity to pay. • Price discrimination is a technique for charging certain people more 0:00 • Rich people and large enterprises are willing to pay more 0:51 Transcript: http://nav.al/price-discrimination

Agenda: Why Price Discrimination?, First Degree Price Discrimination, Second Degree Price Discrimination, Third Degree Price Discrimination, Intertemporal Pricing

Price discrimination can help you maximise your profit while minimising your risk and losses. Listen now to find out what it means and how you can apply it to your business.

Michael Kofoed is an Assistant Professor of Economics at the United States Military Academy at West Point, New York. Professor Kofoed’s research focuses on the economics of higher education including the effects of financial aid on student outcomes, pricing behavior of for-profit universities, and measuring the effects of randomly assigned peers and mentors. Michael has numerous published and forthcoming papers and his book chapter “Price Discrimination", co-authored with David Mustard, features in Encyclopedia of Education Economics and Finance. Michael received his PhD from the University of Georgia with the PhD title Essays on the Economics of Student Financial Aid and a BS in Quantitaive Economics from Weber State University. All links resources and books mentioned by Michael in this episode can be found at www.economicrockstar.com/michaelkofoed Thanks for listening!

Rags Srinivasan is an engineer, turned pricing consultant. His epiphany came when he realized it is not about costs. Nowadays, he leverages an analytical approach on pricing. He has an MBA from the Haas School of Business at Berkeley, where he studied with Teck-Hua Ho. He is an avid hiker and said that if it is not […] The post The Ethics of Price Discrimination with Rags Srinivasan – 064 appeared first on Art Of Value.

Nasir and Matt discuss the topic of price discrimination and how businesses are able to legally charge more to different customers. Full Podcast Transcript NASIR: All right. Welcome to our podcast where we cover business in the news and add our legal twist to those business news articles that we cover on this podcast. My name is Nasir Pasha. MATT: Terrible, and my name is Matt Staub. NASIR: I’m trying to be descriptive to the thing that we’ve been doing for the past year and a half now. MATT: That was straight up typical attorney talk right there – just way too many words to a conclusion. NASIR: I fall into that trap too in my contract drafting, depending upon my mood. Sometimes, I want to try to impress with my writing skills. MATT: Yeah, I always remember, if anyone’s seen your art of contracts presentation, how you take a huge paragraph and boil it down to like a couple of words, more or less. NASIR: That’s classic. MATT: Yeah, I enjoyed that. You know what I don’t enjoy is price discrimination though. NASIR: I hate price discrimination! MATT: Yeah. NASIR: We should talk about that. MATT: Yeah. Well, I guess we can talk about it. People might be surprised that, in some cases, what they would label price discrimination might be acceptable. I guess it just depends on what their definition of price discrimination is but there is a way it can be seen, I guess, as legal. Really, this is getting back to my economics courses that I took many years ago. We’re looking at perfect versus imperfect price discrimination. NASIR: What does that mean? MATT: It’s basically, if you’re a business and someone comes to you, whatever price they’re willing to pay is what you should feasibly charge I guess is how I look at it. NASIR: Oh, I got you, yeah. MATT: Yeah, and imperfect is going to be what’s seen as acceptable that, for different locations for example or different ages, you can charge different prices. In an ideal world, as a business owner, you would like to see perfect price discrimination or pure price discrimination because you’re just getting the maximum amount of money someone’s willing to pay but that’s not seen as acceptable. It’s the imperfect price discrimination meaning charging different prices based on some sort of differentiation is going to be seen as acceptable. NASIR: Basically it’s somewhat similar to – what’s it called – supply and demand, right? MATT: Yeah, that’s what I was getting at. NASIR: Why didn’t you just say that? I’ve been waiting here for so… MATT: I mean, it is somewhat supply and demand but I think one way to look at it is charging different prices based on, you know, San Diego, for example, they’re going to charge higher prices than somewhere in rural Utah and different ages. If you go to the movies, you and I might be charged the highest price. There might be children or seniors that get charged a lower price. NASIR: That’s messed up. That’s discrimination. MATT: That’s messed up? NASIR: An example of this price discrimination so-called is that Staples, what they do with their online prices, if you, as a consumer, are shopping from a location that has a lot of competitors – you know, Office Depot, et cetera – then your prices may be lower. You know, if you’re in a location, maybe a rural area that doesn’t have as many competitors. And so, that’s the kind of price discrimination we’re talking about. You know, in general, I think it’s been accepted that price discrimination is legal. Whether it’s ethical or not, I mean, to me, it’s the aspect of charging as high of a price you can for those that can afford it. You know, I think everyone’s in that kind of boat – you charge as much as you can – but it just depends upon what you’re selling. If you’re selling bottled water to people that are trying to leave a disaster area, that’s one thing. Or gas prices. Or if you’re just providing some service where you want to charge as much as you can because you’re really good at what you’re d...

After Christmas sales are boomin'! Here are the 5 products you MUST buy NOW or pay WAY more later! You are likely a victim of pricing discrimination. Here's how to get even! What to buy at CVS to get free money this week! 407-205-9250 podcast hotline. Show notes @ http://SavingsAngel.com/podcast.

Charging different prices to different customers is the definition of price discrimination, a term coined in 1920 by Arthur Cecil Pigou in The Economics of Welfare. Price discrimination occurs when a good or service is sold at different prices that do not reflect differences in production costs. Companies engage in this practice in order to extract the consumer surplus from various customers. It is worth noting that price discrimination does not imply discriminating against people based on race, gender, religion, ethnicity, and so forth, but only on their willingness and ability to pay, which is based on the value they are receiving. Ed and Ron will explore the four requirements for a business to be able to price discriminate, the three degrees of price discrimination, examples of this practice, and the ethics of charging different prices to different customers.

Charging different prices to different customers is the definition of price discrimination, a term coined in 1920 by Arthur Cecil Pigou in The Economics of Welfare. Price discrimination occurs when a good or service is sold at different prices that do not reflect differences in production costs. Companies engage in this practice in order to extract the consumer surplus from various customers. It is worth noting that price discrimination does not imply discriminating against people based on race, gender, religion, ethnicity, and so forth, but only on their willingness and ability to pay, which is based on the value they are receiving. Ed and Ron will explore the four requirements for a business to be able to price discriminate, the three degrees of price discrimination, examples of this practice, and the ethics of charging different prices to different customers.

Charging different prices to different customers is the definition of price discrimination, a term coined in 1920 by Arthur Cecil Pigou in The Economics of Welfare. Price discrimination occurs when a good or service is sold at different prices that do not reflect differences in production costs. Companies engage in this practice in order to extract the consumer surplus from various customers. It is worth noting that price discrimination does not imply discriminating against people based on race, gender, religion, ethnicity, and so forth, but only on their willingness and ability to pay, which is based on the value they are receiving. Ed and Ron will explore the four requirements for a business to be able to price discriminate, the three degrees of price discrimination, examples of this practice, and the ethics of charging different prices to different customers.

A panel discussion with Eric Goldman, SCU professor of law and director of the High Tech Law Institute; Kirthi Kalyanam, J.C. Penney Research Professor and director of the SCU Retail Management Institute; and Ashkan Soltani, independent researcher and affiliate at the Berkman Center for Internet and Society, Harvard University.

This dissertation encompasses three essays in the field of Industrial Organization. The first paper asks the policy relevant question how pay-for-delay settlements in the pharmaceutical industry should be regulated in order to maximize consumer welfare. The second paper examines the welfare effects of exclusive contracts under consideration of the possibility of contract breach and imperfect downstream competition within a theoretical model. The third paper investigates how the profitability of third degree price discrimination is affected by consumers’ fairness preferences within an experimental study. The results of the experiment are explained within a theoretical model.

We analyze the profitability of third degree price discrimination under consideration of consumers' fairness concerns within an experiment and explain the results within a theoretical framework. We find that with an increase in the price differential negative reciprocal reactions by disadvantaged consumers become stronger compared to positive reciprocal reactions by advantaged consumers. Consequently, the profit maximizing price differential lies below the one predicted to be optimal by standard theory. Further, profitability increases when consumers who are regarded as poorer are charged lower prices compared to when the wealth of the different consumer groups is unknown.

We consider a monopolistic supplier’s optimal choice of wholesale tariffs when downstream firms are privately informed about their retail costs. Under discriminatory pricing, downstream firms that differ in their ex ante distribution of retail costs are offered different tariffs. Under uniform pricing, the same wholesale tariff is offered to all downstream firms. In contrast to the extant literature on thirddegree price discrimination with nonlinear wholesale tariffs, we find that banning discriminatory wholesale contracts—the usual legal practice in the EU and US— often is beneficial for social welfare. This result is shown to be robust even when the upstream supplier faces competition in the form of fringe supply.

In this podcast, we examine three types of price discrimination and the conditions necessary for price discrimination to occur. We also consider the advantages and disadvantages of price discrimination from the perspective of consumers and producers.

Richard McKenzie of the University California, Irvine and the author of Why Popcorn Costs So Much at the Movies and Other Pricing Puzzles, talks with EconTalk host Russ Roberts about a wide range of pricing puzzles. They discuss why Southern California experiences frequent water crises, why price falls after Christmas, why popcorn seems so expensive at the movies, and the economics of price discrimination.

Richard McKenzie of the University California, Irvine and the author of Why Popcorn Costs So Much at the Movies and Other Pricing Puzzles, talks with EconTalk host Russ Roberts about a wide range of pricing puzzles. They discuss why Southern California experiences frequent water crises, why price falls after Christmas, why popcorn seems so expensive at the movies, and the economics of price discrimination.

Economic Analysis - Chase

Now that we’ve learned a little about price discrimination, we can begin to think about whether or not price discrimination is bad for society. How does price discrimination affect output, and what is this effect on social welfare? If price...

Price discrimination is common: movie theaters charge seniors less money than they charge young adults. Computer software companies sell to businesses and students at different rates, often offering discounts to students. These price differences reflect...