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Third-Degree Price Discrimination and Output: Generalizing a Welfare Result
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This article is published in The American Economic Review.The article was published on 2016-01-01 and is currently open access. It has received 179 citations till now. The article focuses on the topics: Price discrimination.read more
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Monopolistic Price Flexibility and Social Welfare: The Linear Case
TL;DR: In this paper, the authors explore the case for monopolistic price flexibil ity in a linear setting and show that by changing the production mix price differentiation can improve welfare and also aggregate at consumer surplus even if total output does not increase (as in the l inear case).
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Measuring the Unequal Implications of One Size Fits All Regulation
TL;DR: This paper study the implications of simple one-size-fits-all regulation when consumer tastes are heterogeneous and show that consumer tastes vary systematically with demographics and use an estimated discrete choice model of demand for spirits.
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Price Discrimination between Retailers with and without Market Power
TL;DR: In this paper, the authors show that two-part tariffs do not solve the problem as they would if there were a single retailer, because the wholesale unit price must be higher than marginal cost to prevent arbitrage to the cities.
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Spatial Monopoly Pricing in a Stochastic Environment
Lin-Ti Tan,Yan-Shu Lin +1 more
TL;DR: In this article, the welfare implications of three pricing regimes (mill, uniform and discriminatory) for a monopoly in a stochastic environment were examined and several unconventional results were shown to be triggered by the presence of demand uncertainty.
References
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The Economics of Welfare
TL;DR: Aslanbeigui et al. as mentioned in this paper discussed the relationship between the national dividend and economic and total welfare, and the size of the dividend to the allocation of resources in the economy and the institutional structure governing labor market operations.
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Price Discrimination and Social Welfare
TL;DR: In this article, the effect of price discrimination on social welfare using methods from duality theory was studied using Ebsco's reservation model, and upper and lower bounds on welfare change with optimal price discrimination.
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Output and welfare implications of monopolistic third-degree price discrimination
TL;DR: In this article, the authors focus on the output and welfare implications of monopolistic third-degree price discrimination, and propose a solution to maximize profits by charging different prices to different markets or classes for customers; Maldistribution of resources for different uses.