What You Don't Know Can Cost You: A Web-Based Experiment in Price Discrimination

Darren Hudson and Jayson Lusk

Review of Agricultural Economics, 2004, vol. 26, issue 3, 392-403

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. Copyright 2004, Oxford University Press.

Date: 2004
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