Some articles on price discrimination, price, degree price discrimination, discrimination:
... Improved price discrimination allows a monopolist to gain more profit by charging more to those who want or need the product more or who have a greater ability to pay ... government granted copyright monopoly to price discriminate between (presumed) wealthier economics students and (presumed) poor economics students ... Perfect price discrimination would allow the monopolist to a unique price to each customer based on his or her individual demand ...
... In third degree price discrimination, price varies by attributes such as location or by customer segment, or in the most extreme case, by the individual customer's identity where the attribute in question is ... Additionally to third degree price discrimination, the supplier(s) of a market where this type of discrimination is exhibited are capable of differentiating between consumer classes ... willingness to pay than an average consumer, where the reservation price is presumably lower because of budget constraints ...
Famous quotes containing the words degree and/or price:
“Some crimes get honor and renown by being committed with more pomp, by a greater number, and in a higher degree of wickedness than others. Hence it is that public robberies, plunderings, and sackings have been looked upon as excellencies and noble achievements, and the seizing of whole countries, however unjustly and barbarously, is dignified with the glorious name of gaining conquests.”
—François, Duc De La Rochefoucauld (16131680)
“Thou blind mans mark, thou fools self-chosen snare,
Fond Fancys scum and dregs of scattered thought,
Band of all evils, cradle of causeless care,
Thou web of will whose end is never wrought;
Desire! desire, I have too dearly bought
With price of mangled mind thy worthless ware;”
—Sir Philip Sidney (15541586)