Yahoo! Philippines News - Live 2013 Philippine Elections News Updates and Results: Why the internet is perfect for price discrimination

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Why the internet is perfect for price discrimination Sep 5th 2013, 03:10 Price discrimination is one of those concepts that only an economist could love. But the theory is clear: the more that a vendor can discriminate according to willingness to pay, the more value that vendor can add. Rory Sutherland uses air travel as an example: having a mix of classes allows price-sensitive people to pay low fares, while the rich have a large number of flights to choose from. ...

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