Damaged Goods |
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Authors: | Raymond J Deneckere R Preston Mc Afee |
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Institution: | Department of Economics University of Wisconsin—Madison Madison, WI 53706;University of Texas at Austin Austin, TX 78712 |
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Abstract: | Manufacturers may intentionally damage a portion of their goods in order to price discriminate. Many instances of this phenomenon are observed. It may result in a Pareto improvement. |
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