January 2005
Intermediate to advanced
232 pages
5h 35m
English
Where different customers or groups of customers value products differently, the route to capturing this value is through differential pricing. Price discrimination means finding credible and sustainable ways to serve different segments at different prices. The economist, Arthur Pigou (1920) identified three levels of price discrimination:
First degree – auction, haggling, bespoke prices
Second degree – price/quantity, price/time relationship
Third degree – segment or channel-based
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