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Pricing Theory and Public Policy

This course will focus on pricing: its theory, in different market structures like monopoly, oligopoly, and competitive markets, two-sided markets and intermediary pricing; between different demand segments in the form of price discrimination, bundling, two-part tariffs, quantity discounts, etc.; given uncertainty and asymmetric information; price collusion and practices facilitating it; a look at pricing, discounts and promotions from the lens of behavioral economics; pricing in different industries; and the application of price as a policy instrument, to correct market failures and to create markets where none exist to improve resource allocation, and to provide support or incentive for target products, suppliers or consumers.

Prerequisites: ECO 2101 (Microeconomic Theory I), ECO 2102 (Microeconomic Theory II)

Study at Ashoka

Study at Ashoka