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The Theory of Limited and Unlimited Discrimination

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  • W. Leontief

Abstract

I. Practice of discriminating monopolists often under conditions at variance with the common theoretical assumptions, 490. — II. The theoretical problem of unlimited and limited discrimination in its simplest form, 491. — III. Limiting conditions, 491. — IV. Fixed price difference, 492. — V. Varying price difference, 493. — VI. Adjusting the price difference to maximize profit, 495. — VII. Increase or decrease of prescribed price difference might increase profits, 496. — VIII. Comparison of discriminating monopoly and monopoly without discrimination, 496. — IX. The necessary restrictive assumptions, 497. — X. Illustration of proposition II, 499. — XI. Conclusion, 500.

Suggested Citation

  • W. Leontief, 1940. "The Theory of Limited and Unlimited Discrimination," The Quarterly Journal of Economics, Oxford University Press, vol. 54(3), pages 490-501.
  • Handle: RePEc:oup:qjecon:v:54:y:1940:i:3:p:490-501.
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    File URL: http://hdl.handle.net/10.2307/1882453
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    Cited by:

    1. Iñaki Aguirre & Simon Cowan & John Vickers, 2010. "Monopoly Price Discrimination and Demand Curvature," American Economic Review, American Economic Association, vol. 100(4), pages 1601-1615, September.
    2. Aguirre Pérez, Iñaki, 2009. "Joan Robinson Was Almost Right: Output under Third-Degree Price Discrimination," IKERLANAK 2009-38, Universidad del País Vasco - Departamento de Fundamentos del Análisis Económico I.
    3. Iñaki Aguirre & Simon G. Cowan, 2015. "Monopoly price discrimination with constant elasticity demand," Economic Theory Bulletin, Springer;Society for the Advancement of Economic Theory (SAET), vol. 3(2), pages 329-340, October.
    4. Bourguignon, Helene & Ferrando, Jorge, 2007. "Skimming the other's cream: Competitive effects of an asymmetric universal service obligation," International Journal of Industrial Organization, Elsevier, vol. 25(4), pages 761-790, August.
    5. Anton, James J. & Vander Weide, James H. & Vettas, Nikolaos, 2002. "Entry auctions and strategic behavior under cross-market price constraints," International Journal of Industrial Organization, Elsevier, vol. 20(5), pages 611-629, May.
    6. Azar Ofer H, 2003. "Can Price Discrimination be Bad for Firms and Good for All Consumers? A Theoretical Analysis of Cross-Market Price Constraints with Entry and Product Differentiation," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 3(1), pages 1-19, September.
    7. Simon Cowan, 2016. "Welfare-increasing third-degree price discrimination," RAND Journal of Economics, RAND Corporation, vol. 47(2), pages 326-340, May.
    8. Stole, Lars A., 2007. "Price Discrimination and Competition," Handbook of Industrial Organization, Elsevier.
    9. William J. Rieber, 2016. "Ludwig Von Mises’ Neoclassical Analysis of Dumping," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 44(4), pages 447-455, December.
    10. Arnaud Diemer, 2001. "Discrimination par les prix et concurrence imparfaite, les apports de Joan Robinson," Innovations, De Boeck Université, vol. 14(2), pages 55-65.
    11. repec:ebl:ecbull:v:4:y:2006:i:23:p:1-6 is not listed on IDEAS
    12. Aguirre Pérez, Iñaki, 2009. "Joan Robinson Was Almost Right: Output under Third-Degree Price Discrimination," IKERLANAK 2009-38, Universidad del País Vasco - Departamento de Fundamentos del Análisis Económico I.
    13. Czerny, Achim I. & Zhang, Anming, 2014. "Airport congestion pricing when airlines price discriminate," Transportation Research Part B: Methodological, Elsevier, vol. 65(C), pages 77-89.
    14. Simon GB Cowan & Simon Cowan, 2008. "When does third-degree price discrimination reduce social welfare, and when does it raise it?," Economics Series Working Papers 410, University of Oxford, Department of Economics.
    15. Iñaki Aguirre, 2006. "Monopolistic price discrimination and output effect under conditions of constant elasticity demand," Economics Bulletin, AccessEcon, vol. 4(23), pages 1-6.

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