What You Don't Know Can Cost You: A Web-Based Experiment in Price Discrimination |
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| Authors: | Darren Hudson Jayson Lusk |
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| Institution: | Darren Hudson is associate professor, Department of Agricultural Economics, Mississippi State University.; Jayson Lusk is associate professor, Department of Agricultural Economics, Purdue University. |
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| Abstract: | This paper presents a Web-based experiential learning tool to assist instructors in conveying the central principles of price discrimination under asymmetric information. The game allows students to make monopoly-pricing decisions when the characteristics of individual consumers are not known. The Web-based approach allows for involvement by all students in the class and can be used in or out of class as a support for classroom lectures. |
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