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

Darren Hudson, Jayson Lusk

Research output: Contribution to journalArticlepeer-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 languageEnglish
Pages (from-to)392-403
Number of pages12
JournalReview of Agricultural Economics
Volume26
Issue number3
DOIs
StatePublished - Sep 2004

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