price discrimination
Customer-specific pricing strategy
Price discrimination is charging different prices to different customers for the same product or service.
Airlines do this constantly: two passengers on the same flight may have paid vastly different fares based on when they booked, their loyalty status, or whether they're traveling for business.
Student discounts, senior rates, and regional pricing are all forms of price discrimination.
The practice is legal in most contexts, though it can violate antitrust laws when used to harm competitors.
- first degreeInitial academic credential
- third degreeProlonged, aggressive questioning
- Clayton ActFederal antitrust statute
- meteringControlled measurement of quantity
- loyalty discountReward for repeat patronage
student discount · early bird special · market segmentation · versioning · personalized · market power · antitrust laws · oligopoly · discount · coupon · cartel · airlines · membership · fairness · tiered · economy · markup · loyalty
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