price discrimination

American  

noun

1. the practice of offering identical goods to different buyers at different prices, when the goods cost the same.

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price discrimination British  

noun

1. economics the setting of different prices to be charged to different consumers or in different markets for the same goods or services

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Etymology

Origin of price discrimination

First recorded in 1955–60

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Example Sentences

See Examples For:

price discrimination

According to the theory of perfect price discrimination, a monopolist charges each consumer the maximum price that he is willing to pay for a good or service.

From The Wall Street Journal ● Oct. 11, 2026

"There's also a risk of price discrimination, with products that are more popular in certain stores ending up having prices pushed up because of higher demand in that area," he says.

From BBC ● Nov. 29, 2023

The rules seek to bar excessive price discrimination, protect workers’ rights and restrict the use of personal data or using AI for “illegal” purposes.

From Washington Times ● Aug. 15, 2023

In a warning letter posted on Friday, the watchdog banned activities including price inflation, collusion, price discrimination, misleading propaganda and hoarding.

From Reuters ● Dec. 10, 2022

His essays include The Second Enclosure Movement, a study of the economic rhetoric of price discrimination in digital commerce, and a Manifesto on WIPO.

From The Public Domain Enclosing the Commons of the Mind by James Boyle

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