Retionalising "Chaotic Discrimination" As an Optimal Pricing Strategy
This paper addresses a particular form of price discrimination, known as "chaotic discrimination", that has the following features: sellers quote a common price but, in reality, they engage in secret and apparently unsystematic price discounts "which may be seriously inconsistent with joint-profit maximization".
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|Date of creation:||1997|
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Web page: http://www.uws.edu.au/sob
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