Perfect Price Discrimination -A Perfect Lie

ebook Profit Economics Series, Book 54 · Profit Economics Series

By Hak Choi

cover image of Perfect Price Discrimination -A Perfect Lie

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Perfect price discrimination is a practice to charge a customer different price on every unit of the same product. So the first unit carries the highest price, the second lower, etc. Hal Varian claimed that such practice reflects ability to pay. This book disproves such discrimination. It also redefines ability-to-pay or willingness-to-pay.

Perfect Price Discrimination -A Perfect Lie