It is known that monopolistic third-degree price discrimination decreases aggregate welfare if total output falls. In contrast to Adachi (this Journal, 2002), this note shows that welfare must decrease under price discrimination even if total output remains constant.
A Note on Third-Degree Price Discrimination and Output
BERTOLETTI, PAOLO
2004-01-01
Abstract
It is known that monopolistic third-degree price discrimination decreases aggregate welfare if total output falls. In contrast to Adachi (this Journal, 2002), this note shows that welfare must decrease under price discrimination even if total output remains constant.File in questo prodotto:
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