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Third-Degree Price Discrimination in Oligopoly : All-Out Competition and Strategic Commitment
Oleh:
Corts, Kenneth S.
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
The Rand Journal of Economics vol. 29 no. 2 (1998)
,
page 306-323.
Topik:
commitment
;
price discrimination
;
oligopoly
;
competition
;
strategic commitment
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
RR10.2
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
Price discrimination by imperfectly competitive firms may intensify competition, leading to lower prices for all consumers ; the tradeoff of consumer groups' welfare that is characteristic of monopolistic discrimination need not arise. This escalation of competition may make firms worse off, and as a result firms may wish to avoid the discriminatory outcome. Under conditions similar to those in which unambiguous price and welfare effects may arise, unilateral commitments not to price discriminate - including the adoption of everyday low pricing or no - haggle policies - may raise firm profits by softening price competition.
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