A dynamic model of price discrimination and inventory management at the Fulton fish market
By: Kathryn Graddy, George Hall.
Contributors: Hall, George.; National Bureau of Economic Research.
Series: NBER working paper series -- working paper 15019; Working paper series (National Bureau of Economic Research : Online) -- working paper no. 15019.
Publisher: National Bureau of Economic Research
Published: 2009
Place of publication: Cambridge, MA
Language: eng
Format: Electronic resource
Description: "We estimate a dynamic profit-maximization model of a fish wholesaler who can observe consumer characteristics, set individual prices, and thus engage in third-degree price discrimination.  Simulated prices and quantities from the model exhibit the key features observed in a set of high quality transaction-level data on fish sales collected at the Fulton fish market.  The model's predictions are then compared to the case in which the dealer must post a single price to all customers.  We find the cost to the dealer of posting a uniform price to be extremely small"--National Bureau of Economic Research web site.
Notes: Title from PDF file as viewed on 6/16/2009.

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