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

Ferrara wrote that the NGA hopes both the current and next presidential administration will look closely at anticompetitive behaviors, including price discrimination, that are increasing prices for independent grocers and the community members they serve.

From Salon ● Aug. 31, 2024

"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

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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