| 单词 | second-degree price discrimination |
| 释义 | second-degree price discrimination Price discrimination where customers are offered a choice of possible contracts, so that they reveal information about themselves through their choice of contract. Airlines, for example, offer lower fares to passengers who are willing to book in advance and travel at particular times. It is assumed that business travellers are willing to pay more to fly than tourists: airlines cannot tell which customers are travelling on business, but expect that business travellers will value their own time sufficiently highly to pay more for flexible travel arrangements. Second-degree price discrimination is contrasted with first-degree price discrimination, where producers charge the maximum their customers are willing to pay for each unit of a good, and obtain all the gains from the good's existence, and with third-degree price discrimination, where sellers have sufficient information about customers to be able to offer different contracts to different classes of customer. |
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