situations, various ways exist through which firms price their products and services. Some examples in day to day situations include product line pricing (e.g. BMW series), advance purchase discounts, coupons and intertemporal pricing etc. Thus, every consumer is getting a similar product or service at a different price. Why does such discrimination exist? Who benefits from such discrimination? These examples are based on the concept of price discrimination which is very common in our everyday
"Firms with market power set prices with the basic objective of capturing consumer surplus and converting it into additional profit for the firm and this goal can be achieved using price discrimination." Pricing methods of both the Airline and Communication industries are observed while using a firm as an example to have a better understanding of how several strategies are implemented due to the increasingly sophisticated price discrimination techniques which are employed by the different firms in
Essay of price discrimination – In Chinese telecommunications industry University: University of Vienna Name:Yangyuxuan Zhou (a0853252) Professor: Sandro Shelegia UE: Introduction to Microeconomics WiSi2014/2015 Date :31.03.2015 -1- Contents 1.Introduction 2.Definitions and Assumptions • First degree price discrimination • Second degree price discrimination • Third degree price discrimination 3.Case Analysis – Chinese telecommunication industry • Advantages of price discrimination • Dieadvantages
child is still considered a curse and a social liability. In each corner of the world a girl faces discrimination and socially conservative feminist are not troubled by the burdens of
given a fair opportunity to gain employment or admission to institutions, or business where they are underrepresented (Jonsson, 2002). Throughout this paper there will be a discussion of the ethical ramifications of affirmative action. Two ethical theories that will be discussed in depth are utilitarianism and virtue of ethics. Also there will be a discussion of ethical egoism with regard to how it relates to affirmative action. Affirmative Action is a policy that came to the center of attention in
decisions of business A lot of businesses face competition because there are a lot of similar company's out there selling the same products and services, so they have to be competitive with their prices and advertising, for consumers to choose them. Competition between businesses tends to control profits and prices as well as the company's long-run survival that will depend on whether they have successful innovation and product development. Different market types are: • Perfect Competition • Monopoly •
access to scarce resources in a highly unequal society enforced by its history. The gap between the rich and poor is vast. According to the Libertarian theory, the inequality would not be seen as immoral as the gap would not be of great concern when people are entitled to property they have acquired and to not have that interfered with. The Rawlsian theory however, recognises that judgement of morality is biased because of subjective interests and ‘accidents of birth’ which influence the outcome of a
is never an all-in-one solution, new theory and policy is constantly invented which gives further insights and the bigger picture about the world. Much like the fad that comes with the creation of IBM Watson technology, although economic discoveries is an underrated discipline that cannot steal the spotlight, it is just as significant,
This documentary is based on a true story based on the book, Twelve Years a Slave written by Solomon Northup. In this video, both racism and sexism is heavily implied. Racism is defined as hostility towards people of a different race and it usually stems from the belief in the superiority of one’s race (Oxforddictionaries.com 2014). In this video, the concept of racism is represented in a way that the blacks are deemed powerless and are at the mercy of the white people. The slave market is targeted
have it in the first place. Ross, Egoism and the right’s theories all do a great job and the likeness of each of their values matches up really well with the one’s in the articles. Fidelity, Gratitude and Justice really show why Ross’s theory fits in well with a certain portion of the topic and Egoism gives excellent examples as to why companies like Comcast, Verizon and AT&T need net neutrality to be taken down. In the end the rights theory is what comes out on top because it allows both side of