Economics @ ITT

Price Discrimination is All Around You

Posted in economics by ittecon on March 6, 2013

A nice article on price discrimination to follow up yesterday’s topic.

Price discrimination, more euphemistically known as differential pricing and dynamic pricing, exploits the fact that in any transaction each customer has a different “willingness to pay.”

What is “willingness to pay,” and how does the seller determine it?

via Price Discrimination is All Around You | 33 Bits of Entropy.

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