In this lecture we finish last week’s analysis of price discrimination by looking at some cases in which price discrimination actually reduces profits. We go on to analyse horizontal product differentiation models, which are models in which different consumers prefer different goods. Lecture 6: Profit reducing price discrimination, and product differentiation
In this lecture we look at some of the ways a monopolist can obtain higher profits than in the standard monopoly solution. Lecture 5: Price discrimination and nonlinear pricing
In this lecture we try to answer the question: “Will profits in reality be higher or lower than under Cournot?”. We look at the origins of Cournot competition, and analyze collusion in dynamic oligopoly. Lecture 4: Will profits in reality be higher or lower than under Cournot?