When does third-degree price discrimination reduce social welfare, and when does it raise it?
Sufficient conditions are developed for third-degree price discrimination by a monopolist serving all markets to reduce and raise social welfare. Welfare falls if the demand function in the market whose price is higher with discrimination is at least as convex as that in the other market (at the no...
| Hlavní autor: | |
|---|---|
| Médium: | Working paper |
| Vydáno: |
University of Oxford
2008
|