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| Author: | Yoshida, Y. |
| Title: | Third-degree price discrimination in input markets: output and welfare |
| Journal: | American Economic Review
2000 : MAR, VOL. 90:1, p. 240-246 |
| Index terms: | ECONOMICS PRICE DISCRIMINATION WELFARE |
| Language: | eng |
| Abstract: | If price discrimination is realized, the economy shifts from one equilibrium to another. It clearly involves welfare effects: The price discriminator clearly gains, some consumers may also gain from the price cut, but others may lose faced with higher prices, etc. Welfare effect of input-market price discrimination remains open to question if it has some effect on total input. In particular, the authors are curious as to whether they can obtain some close relationship between the changes in welfare and total output as they have obtained in the final good market setting. The authors construct a model which involves change in total output (of the final good). |
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