Lec 14 - Lecture 8 (Turbo) - Price Discrimination. ECON 20100: The Elements of Economic Analysis E. Glen Weyl, Assistant Professor of Economics and the College "Price Discrimination," October 27, 2011. The first part of this course discusses markets with one or a few suppliers. The second part focuses on demand and supply for factors of production and the distribution of income in the economy. This course also includes some elementary general equilibrium theory and welfare economics. This lecture addresses monopolistic firms' attempt to get around their basic trade-off by charging different prices to different consumer or for different units of goods. After exploring why first-degree price discrimination is desirable but unattainable, we consider how various imperfect forms of price discrimination (implicit, explicit and others) operate. We analyze when price discrimination improves and when it harms the efficient operation of markets and how price discriminatory strategies can be used in the design of public policies such as taxation, auctions and criminal justice. For readings associated with this lecture and slides, visit: http://www.glenweyl.com/teaching
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Tags: university chicago education business economics
Uploaded by: uofcecon ( Send Message ) on 28-08-2012.
Duration: 74m 7s
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This video is a part of a lecture series from of University of Chicago
Lec 1 - Lecture 1 (Regular) - Theory of the Firm
Lec 2 - Lecture 1 (Turbo) - Theory of the Firm
Lec 3 - Lecture 7 - Theory of Monopoly Price Theory
Lec 4 - Lecture 4 (Turbo) - Perfect Competition
Lec 5 - Lecture 2 (Regular) - Supply and Duration
Lec 6 - Lecture 3 (Regular) - Industry Supply and Rents
Lec 7 - Lecture 3 (Turbo) - Industry Supply and Rents
Lec 8 - Lecture 5 - Payment in Accordance with Product
Lec 9 - Lecture 6 (Regular) - Assessing Externalities
Lec 10 - Lecture 6 (Turbo) - Assessing Externalities
Lec 11 - Lecture 8B - Product Design Price Theory
Lec 12 - Lecture 7 (Regular) - Basic Monopoly Theory
Lec 13 - Lecture 8 (Regular) - Price Discrimination
Lec 15 - Lecture 9 (Regular) - Regulation