Title Recent advances in the theory of third-degree price discrimination : a nexus to network effects, innovation, and behavioral aspects / Takanori Adachi, Ryo Hashizume, Takeshi Ikeda, Tatsuhiko Nariu, Tomohisa Okada

Published Singapore : Springer, [2023] ©2023

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Description 1 online resource (xiii, 73 pages) : illustrations (some color) Series SpringerBriefs in economics. Development Bank of Japan research series, 2367-0975 SpringerBriefs in economics. Development Bank of Japan research series. 2367-0975 Summary This book provides an updated overview of the recent progress in the theoretical study of third-degree price discrimination. It is a marketing tactic and is said to be present if the unit price is different across different groups of buyers. Its welfare evaluation is often difficult because it entails two countervailing effects: on one hand, it exploits surplus from consumers who have high willingness-to-pay, but on the other hand, it generates gains from trade from consumers who otherwise would not purchase the good. Recognizing this difficulty, we provide new insights on evaluation of third-degree price discrimination in consideration of network effects and vertical product differentiation. Our analysis is particularly useful for the industries related to ICT technologies because these two elements characterize them. Furthermore, we also study the welfare effects of third-degree price discrimination under imperfect competition other than monopoly. At first, it seems that it may complicate the analysis under monopoly. However, we argue that the main thrusts of analysis under monopoly carry over to the case of oligopoly. We also take into account behavioral aspects and their implications for studying third-degree price discrimination. Overall, this book is designed to provide implications for contemporary management and policy issues by advancing theoretical issues in industrial organization Bibliography Includes bibliographical references Notes Online resource; title from PDF title page (SpringerLink, viewed July 11, 2023) Subject Price discrimination. Price discrimination. Form Electronic book Author Hashizume, Ryo, author Ikeda, Takeshi, 1968- author. Nariu, Tatsuhiko, 1952- author. Okada, Tomohisa, author ISBN 9789819932054 981993205X

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