What you don't know can cost you: A web-based experiment in price discrimination

Darren Hudson; Jayson Lusk

doi:10.1111/j.1467-9353.2004.00187.x

What you don't know can cost you: A web-based experiment in price discrimination

Darren Hudson, Jayson Lusk

Agricultural and Applied Economics

Research output: Contribution to journal › Article › peer-review

4 Scopus citations

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.

Original language	English
Pages (from-to)	392-403
Number of pages	12
Journal	Review of Agricultural Economics
Volume	26
Issue number	3
DOIs	https://doi.org/10.1111/j.1467-9353.2004.00187.x
State	Published - Sep 2004

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10.1111/j.1467-9353.2004.00187.x

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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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AB - 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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What you don't know can cost you: A web-based experiment in price discrimination

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