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An essential read for anyone puzzled by why airlines, hotels, and countless everyday businesses charge wildly different prices for the same product, renowned economist William J. Baumol overturns a century of conventional wisdom, proving that price discrimination is not evidence of monopoly power but is instead mandated by fierce competition itself, offering a rigorous yet accessible challenge to regulators, antitrust lawyers, and economists who still equate discriminatory pricing with market abuse.
Regulation Misled by Misread Theory changes how we think about economics. Standard economics has long held that firms can price discriminate only when they have monopoly power.
Price: $10.00
Pages: 52
Publisher: AEI Press
Imprint: AEI Press
Publication Date:
January 1, 2004
Trim Size: 8.52 X 5.56 in
ISBN: 9780844713908
Format: Paperback
BISACs:
NON-CLASSIFIABLE, Stationery and miscellaneous items
