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

Example Sentences

"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

Retailers traditionally practice legal price discrimination to limit the number of people receiving discounts to desired demographics, according to Sam Kain, a finance professor at Walsh College in Michigan.

From Washington Times • Nov. 18, 2022

The authors of the new Tsinghua University paper sought scientific evidence that such controls could not only protect consumers from algorithmic price discrimination but also allow companies using these digital tools to maintain reasonable profits.

From Scientific American • Apr. 26, 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 Boyle, James