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What You Don't Know Can Cost You: A Web-Based Experiment in Price Discrimination

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  • Darren Hudson
  • Jayson Lusk

Abstract

This paper presents a Web-based experiential learning tool to assist instructors in conveying the central principles of price discrimination under asymmetric information. The game allows students to make monopoly-pricing decisions when the characteristics of individual consumers are not known. The Web-based approach allows for involvement by all students in the class and can be used in or out of class as a support for classroom lectures.

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  • Darren Hudson & Jayson Lusk, 2004. "What You Don't Know Can Cost You: A Web-Based Experiment in Price Discrimination," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 26(3), pages 392-403.
    • Handle: RePEc:oup:revage:v:26:y:2004:i:3:p:392-403.
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    File URL: http://hdl.handle.net/10.1111/j.1467-9353.2004.00187.x
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    References listed on IDEAS

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    1. Davis, Douglas D. & Holt, Charles a., 1993. "Experimental economics: Methods, problems and promise," Estudios Económicos, El Colegio de México, Centro de Estudios Económicos, vol. 8(2), pages 179-212.
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    Cited by:

    1. van Damme, E.E.C. & Larouche, P. & Müller, W., 2006. "Abuse of a Dominant Position : Cases and Experiments," Discussion Paper 2006-020, Tilburg University, Tilburg Law and Economic Center.
    2. Popp, Jennie S. Hughes & Rodriguez, German, 2006. "Quizbowl: Success In and Out of the Classroom, a Five Year Study," 2006 Annual Meeting, February 5-8, 2006, Orlando, Florida 35395, Southern Agricultural Economics Association.

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