price crimination, Microeconomics

Assignment Help:
(i) Define the three types of price discrimination, clearly stating the different
information requires of each type of discrimination.
(ii) Find a real-world example of second-degree price discrimination. Describe the
important aspects of your example in detail and analyze it using economic theory. In
particular, how does the producer discriminate between the types of consumers – that
is, how does the producer get the consumers to reveal their private information (their
type)?
(iii) What are the welfare implications of the discrimination in your example? Is there
a potential role for government to regulate the practice?

Related Discussions:- price crimination

Optimization, Andrew has preference given by: u(x,y) = min{2x, 3y} The pri...

Andrew has preference given by: u(x,y) = min{2x, 3y} The price for good x and good y are identical and equal to 4. At his optimal consumption bundle he achieves a utility of 90. W

Elasticity of demand , The Bushman Cinema is the only movie theatre locate...

The Bushman Cinema is the only movie theatre located in the medium-size country town of Sleepy Hollow.  The owner wants to charge an admission fee of $10 per seat and past experien

Perfect competition, Perfect competition: Perfect completion refers to...

Perfect competition: Perfect completion refers to the market structure in which there are a large number of relatively small firms, each firm having freedom of entry into and

Theory of production, when total production fall what,s the status of avera...

when total production fall what,s the status of average product and marginal product

Rent, quasi rent theory

quasi rent theory

Producers and the efficiency, regis is hungry for a snack. Here is the valu...

regis is hungry for a snack. Here is the value he place on a cupcake: value of the first cupcake$5, value of the second cupcake $4, value of the third cupcake $3, and the value of

Competitive short run supply curve of firm and industry, A Competitive Shor...

A Competitive Short Run Supply Curve of Firm * Observations: - P = MR - MR = MC - P = MC * Supply is amount of output for every possible price.  Thus: -  If

Macechj, according to Tobin 1993,examples of Keynesian unemployment include...

according to Tobin 1993,examples of Keynesian unemployment includes situation where

Tut10, 3. You plan to sell a sunglasses clip that you can attach to a car''...

3. You plan to sell a sunglasses clip that you can attach to a car''s sun visor. You can purchase the goods from a wholesaler at $2 a piece and there is an overhead cost of $500 pe

Microeconomics and the market system, Suppose you are a painter, and the pr...

Suppose you are a painter, and the price of a gallon of paint increases from $3.00 a gallon t $3.50 a gallon. Your usage of paint drops from 35 gallons to 20 gallons a month. 1. Co

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd