| 单词 | third-degree price discrimination |
| 释义 | third-degree price discrimination Price discrimination where sellers can identify different types of customer, and offer different contracts to different classes of customer. Special prices may be offered, for example, to students or pensioners. This type of discrimination is possible only when resale of goods or services is costly or impossible; if resale were costless, every customer would buy through the groups offered the lowest price. Third-degree price discrimination is contrasted with first-degree price discrimination, where the seller charges the customer the maximum he or she is willing to pay for every unit of a good, so that the producer gets all the benefits from the good's existence, and second-degree price discrimination, where the seller cannot identify a customer's type, but can induce customers to reveal information about themselves by offering a choice of contracts. |
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