Abstract
IT often happens that a monopolist finds it possible and profitable to sell a single commodity at different prices to different buyers. This can occur when he is selling in several markets which are divided from one another in such a way that goods which are sold in the cheaper market cannot be bought from the monopolist and resold in the dearer market; and when customers in the dearer market cannot transfer themselves into the cheaper market to get the benefit of the lower price. The act of selling the same article, produced under a single control, at different prices to different buyers is known as price discrimination.
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Notes
Professor Yntema makes use of this construction (see “The Influence of Dumping on Monopoly Price Journal of Political Economy, December 1928), but he confines himself to establishing with its aid a proposition which can be proved without resort to any such complicated apparatus; see below, p. 205, note.
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© 1969 Palgrave Macmillan, a division of Macmillan Publishers Limited
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Robinson, J. (1969). Price Discrimination. In: The Economics of Imperfect Competition. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-15320-6_16
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DOI: https://doi.org/10.1007/978-1-349-15320-6_16
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-0-333-10289-3
Online ISBN: 978-1-349-15320-6
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