Price Discrimination in Pictures
At the tavern:
Local residents get a 50% discount to Six Flags:
CARPE DIEM
Professor Mark J. Perry's Blog for Economics and Finance
Thursday, September 01, 2011
About Me
- Name: Mark J. Perry
- Location: Washington, D.C., United States
Dr. Mark J. Perry is a professor of economics and finance in the School of Management at the Flint campus of the University of Michigan. Perry holds two graduate degrees in economics (M.A. and Ph.D.) from George Mason University near Washington, D.C. In addition, he holds an MBA degree in finance from the Curtis L. Carlson School of Management at the University of Minnesota. In addition to a faculty appointment at the University of Michigan-Flint, Perry is also a visiting scholar at The American Enterprise Institute in Washington, D.C.
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10 Comments:
we get this in park city.
if you live here full time, you get a 50% break on your property tax.
thus, the schools, fire department etc are mostly paid for by vacation houses.
it's a classic example of those with a vote in local matters taking advantage of those who don't have one.
ps. it's absolutely worth the $2 for "who?".
I don't approve of discrimination but I have to respect their conspicuousness. The same thing goes on in the civilized world but we hide it so we can pretend it doesn't exist.
Note: This type of price discrimination is legal, e.g. airline ticket prices based on: a) advance purchase time, and b) Saturday night stayover (to separate business and leisure travelers).
i'm not sure i'd even really call that bar sign price discrimination.
isn't it more like "levels of service" like getting a regular, silver, or gold carwash?
This isn't discrimination at all...
These are services provided at price points the market may or may not like...
We know what 'normally' happens when a good or service is priced beyond its intrinsic value...
I'm with morganovich, yeah, its absolutely worth the $2.00...
It's a difficult, but good, lesson for folks to learn that some products have different values for different people.
One man's trash is another's treasure.
One man's price discrimination is another's alignment of price with value.
So, there should be no problem with this?
"The citizen of" works even better if its written in a different language - that way the foreigner doesn't even know that he's being discriminated against. In Lebanon the price for Lebanese is usually written in Arabic, although according to my Lebanese wife it is often expressed as "price if you can read this"!
"So, there should be no problem with this?"
No. Why should there be? the purpose was to encourage discussion of affirmative action.
The cookies were given away, so price discrimination isn't even an issue. It's hard to argue that your part of a free cookie is smaller than someone else's.
Equality under the law prohibits publiic discrimination, but private actors should be able to discriminate as they see fit. We see this all around us:
"We Reserve the Right To Refuse Service to Anyone."
"No Shirt, No Shoes, No Service"
"No Smoking"
"Adults Only"
"No One Under 17 Permitted"
"Children Eat Free 4:00 - 8:00 PM"
Most people outside of Orlando don't know that it can be much cheaper to go to Disney World if you're a Florida resident. They run specials all the time. If you're planning a trip and have a friend in FL, you may want to have them buy your tickets.
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