Is perfect price discrimination really efficient?: welfare and existence in general equilibrium

Article Abstract:

The full use of surplus in monopoly markets is efficient in equilibrium. In a perfectly discriminating monopoly equilibrium (PDM), prices of competitive commodities and household incomes are constant. PDM also affixes individualized nonlinear tariffs for the commodities to increase profits. PDM equilibrium has been found to be inefficient but becomes efficient when the monopoly commodities are expensive.

Economics, Research and Development in the Social Sciences and Humanities, Balance of trade, Monopolies, Equilibrium (Economics), Price discrimination

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Uniqueness, stability, and comparative statics in rationalizable Walrasian markets

Article Abstract:

The Walrasian model used to analyze various economic aspects of consumer markets is discussed. Additional information on rationalization of individual demand in markets controlled by a distribution economy is also included.

Administration of General Economic Programs, Economic Statistics & Research, Economic research, Economic conditions, Walrasian model, Market surveys

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