price discrimination
noun[U]
ukusECONOMICS,COMMERCE,MARKETING
theactofsellingthe sameproductto differentgroupsofcustomersat differentprices:
Offering astudentdiscountis aformofpricediscrimination.
Examplesofprice discrimination
price discrimination
Apricediscriminationstrategy is to charge less price sensitive buyers a higher price and the more price sensitive buyers a lower price.
From
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Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.First degreepricediscriminationcharges each consumer the maximum price the consumer is willing to pay.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.A company must have some degree of market power to practicepricediscrimination.
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Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.Alternatively, when prices are not clearly displayed, there can bepricediscrimination, where the sale price is dependent upon who the customer is.
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Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.It is a sub part of the various forms ofpricediscriminationand is classified as third degreepricediscrimination.
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Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.Pricediscriminationcan also be seen where the requirement that goods be identical is relaxed.
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Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.Additionally to second degreepricediscrimination, sellers are not able to differentiate between different types of consumers.
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Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.Another example ofpricediscriminationis intellectual property, enforced by law and by technology.
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Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.Price skimming can be considered either a form ofpricediscriminationor a form of yield management.
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Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.Pricediscriminationtransfers some of this surplus from the consumer to the producer/marketer.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.