This lecture deals with third-degree price discrimination in both monopolistic and oligopolistic markets. The classical monopoly paradigm serves as a benchmark. Next, we move to an oligopoly setting, first with best-response symmetry, then with best-response asymmetry. We end with behavior-based price discrimination. This lecture targets advanced undergraduate and graduate students.
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Third-Degree Price Discrimination
Qihong Liu / Konstantinos Serfes
1University of Oklahoma
1Drexel University
Citation Information: Journal of Industrial Organization Education. Volume 5, Issue 1, Pages 1–23, ISSN (Online) 1935-5041, DOI: 10.2202/1935-5041.1030, March 2011
Publication History:
- Published Online:
- 2011-03-21
Keywords: third-degree price discrimination; best-response asymmetry; price discrimination by purchase history
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