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A Simplified Theoretical Understanding of Price Discrimination as a Business Management Strategy

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Title: A Simplified Theoretical Understanding of Price Discrimination as a Business Management Strategy

Authors: Ejiro U. Osiobe

Journal: Sumerianz journal of social science.

HEC Recognition History
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Year: 2022

Volume: 5

Issue: 2

Language: English

DOI: https://doi.org/10.47752/sjss.52.20.24

Categories
Marketing Strategy (36) Price Discrimination (1) Business Management (476) Economic Theory (87) Microeconomics (96)

Abstract

The paper delves into the five different types of price discrimination while giving graphical and illustrative examples of Pigou (1920) price classifications, marketing strategies, and more. The paper shows the differences and similarities between all price discriminations during transactions from first degree, second degree, third degree, fourth degree, and fifth-degree pricing [discrimination] strategies while graphically showing the ratio to marginal cost.

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