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Gregory M Randolph
''Price Discrimination with Producer & Consumer Transaction Costs''
( 2012, Vol. 32 No.1 )
This paper examines the impact of transaction costs on the social efficiency of first-degree price discrimination. Price discrimination requires the producer to expend resources and compels consumers to incur costs. The consideration of producer and consumer transaction costs alters the conditions under which first degree price discrimination enhances social welfare.
Keywords: Price Discrimination, Social Welfare, Transaction Costs
JEL: D4 - Market Structure and Pricing: General
L1 - Market Structure, Firm Strategy, and Market Performance: General
Manuscript Received : Nov 12 2011 Manuscript Accepted : Jan 25 2012

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