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183 - What makes something valuable? — with Ron Baker
The Futur with Chris Do
The Importance of Price Discrimination in Business
Price discrimination is s as it's called. And, you know, i mean that ine purest economic logic to a vernacular sense. That term has been around since the twenties, so there's a lot of scholarship on it. If it wasn't for price discrimination, you wouldn't have seniour discounts,. You wouldn't have children getting into disney for cheaper or flying on an airplane cheaper. So i think there's normous welfare benefits from price discrimination. When it comes to a business, my guess is you're probably not serving the poor and the rich.
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