[PDF] Dynamic Price Competition And The Theory Of Contestable Markets eBook

Author : Jerome Ellig
Publisher : Cambridge University Press
Page : 298 pages
File Size : 46,19 MB
Release : 2001-04-23
Category : Business & Economics
ISBN : 9780521782500

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Scholars explore antitrust issues as these relate to dynamic industry competition and public policy.

Author : Fouad Sabry
Publisher : One Billion Knowledgeable
Page : 374 pages
File Size : 41,14 MB
Release : 2024-03-27
Category : Business & Economics
ISBN :

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What is Price Discrimination Price discrimination is a microeconomic pricing strategy where identical or largely similar goods or services are sold at different prices by the same provider in different market segments. Price discrimination is distinguished from product differentiation by the more substantial difference in production cost for the differently priced products involved in the latter strategy. Price differentiation essentially relies on the variation in the customers' willingness to pay and in the elasticity of their demand. For price discrimination to succeed, a firm must have market power, such as a dominant market share, product uniqueness, sole pricing power, etc. All prices under price discrimination are higher than the equilibrium price in a perfectly competitive market. However, some prices under price discrimination may be lower than the price charged by a single-price monopolist. Price discrimination is utilized by the monopolist to recapture some deadweight loss. This Pricing strategy enables firms to capture additional consumer surplus and maximize their profits while benefiting some consumers at lower prices. Price discrimination can take many forms and is prevalent in many industries, from education and telecommunications to healthcare. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Price discrimination Chapter 2: Monopoly Chapter 3: Monopolistic competition Chapter 4: Oligopoly Chapter 5: Perfect competition Chapter 6: Imperfect competition Chapter 7: Deadweight loss Chapter 8: Two-part tariff Chapter 9: Pricing Chapter 10: Barriers to entry Chapter 11: Yield management Chapter 12: Market power Chapter 13: Non-price competition Chapter 14: Market structure Chapter 15: Pricing strategies Chapter 16: Dynamic pricing Chapter 17: Revenue management Chapter 18: Value-based pricing Chapter 19: Rental value Chapter 20: Profit (economics) Chapter 21: Monopoly price (II) Answering the public top questions about price discrimination. (III) Real world examples for the usage of price discrimination in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Price Discrimination.

Author : John Maurice Clark
Publisher :
Page : 528 pages
File Size : 21,73 MB
Release : 1961
Category : Competition
ISBN :

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It examines the dynamic character of modern competition, appraises the inadequacies of equilibrium theory and suggests a new approach to the study and interpretation of competitive activities in the economy.

Author : Shelby D. Hunt
Publisher : SAGE Publications, Incorporated
Page : 328 pages
File Size : 25,91 MB
Release : 2000
Category : Business & Economics
ISBN :

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"Hunt convincingly demonstrates that competition is not about dividing up limited resources but about creating more resources and thus competition is pro-society. This truly interdisciplinary book successfully develops a general theory of competition which is rich in explanatory breadth and depth. Consequently, executives and entrepreneuers, management consultants, public makers, and scholars and students in economics, law, political science, and business should read and study this book." -Robert F. Lusch, University of Oklahoma This book develops a new theory of competition. This theory - labeled "resource-advantage theory" - stems from no single research tradition, but draws on several different traditions in economics, management, marketing, and sociology. In this ground-breaking volume, Shelby Hunt articulates R-A theory, uses the theory to explain and predict economic phenomena, and shows how (and why) it explains and predicts such phenomena.

Author : Andrew Sweeting
Publisher :
Page : pages
File Size : 49,8 MB
Release : 2020
Category :
ISBN :

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We generalize recent models of dynamic price competition where sellers benefit from learning-by-doing by allowing for long-lived strategic buyers, with a single parameter capturing the extent to which each buyer internalizes future buyer surplus. Many of the equilibria that exist when buyers are atomistic or myopic are eliminated when buyers internalize even a modest share of their effects on future surplus. The equilibria that survive tend to be those where long-run market competition is preserved.