Price Discrimination ∗

@inproceedings{Armstrong1999PriceD,
  title={Price Discrimination ∗},
  author={Mark Armstrong},
  year={1999}
}
In broad terms, one can say that price discrimination exists when two “similar” products which have the same marginal cost to produce are sold by a firm at different prices.1 This practice is often highly controversial in terms of its impact on both consumers and rivals. This chapter aims to explain some of the main economic motives for price discrimination… CONTINUE READING