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Recent advances in the theory of third-degree price discriminationa nexus to network effects, innovation, and behavioral aspects /

Record Type:	Electronic resources : Monograph/item
Title/Author:	Recent advances in the theory of third-degree price discriminationby Takanori Adachi ... [et al.].
Reminder of title:	a nexus to network effects, innovation, and behavioral aspects /
other author:	Adachi, Takanori.
Published:	Singapore :Springer Nature Singapore :2023.
Description:	xiii, 73 p. :ill. (some col.), digital ;24 cm.
Contained By:	Springer Nature eBook
Subject:	Price discrimination.
Online resource:	https://doi.org/10.1007/978-981-99-3205-4
ISBN:	9789819932054$q(electronic bk.)

Recent advances in the theory of third-degree price discriminationa nexus to network effects, innovation, and behavioral aspects /
Recent advances in the theory of third-degree price discriminationa nexus to network effects, innovation, and behavioral aspects /[electronic resource] :by Takanori Adachi ... [et al.]. - Singapore :Springer Nature Singapore :2023. - xiii, 73 p. :ill. (some col.), digital ;24 cm. - Development bank of Japan research series,2367-0975. - Development bank of Japan research series..

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.

ISBN: 9789819932054$q(electronic bk.)

Standard No.: 10.1007/978-981-99-3205-4doiSubjects--Topical Terms:

570304
Price discrimination.

LC Class. No.: HF5417

Dewey Class. No.: 338.52

Recent advances in the theory of third-degree price discriminationa nexus to network effects, innovation, and behavioral aspects /
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520 $a 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.
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