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| Author: | Armstrong, M. |
| Title: | Price discrimination by a many-product firm |
| Journal: | Review of Economic Studies
1999 : JAN, VOL. 66:1(226), p. 151-168 |
| Index terms: | ECONOMICS PRICE DISCRIMINATION COMPANIES |
| Language: | eng |
| Abstract: | Determining the optimal selling strategy for a multiproduct firm facing consumers with unobservable tastes is a difficult task. This paper aims to show how almost optimal nonlinear tariffs can often be found when the number of products is large. Moreover, such tariffs take a simple form: when taste parameters are independently distributed across products, the almost optimal tariff is a single cost-based two-part tariff which can extract virtually all consumer surplus. |
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