Evidence receipt / disagreement
Published · transcript-backedHal Varian: disagreement
19 Jun 2019 Conversations with Tyler Hal Varian on Taking the Academic Approach to Business
“One is, there’ll be this highly personalized pricing that will leave consumers with no surplus whatsoever. That story seems, to me, to be ridiculous because it’s so easy for consumers to conduct this kind of search and try to find a lower price.”
Source trail
Everything needed to verify it.
- Speaker
- Hal Varian
- Attribution
- Verified speaker
- Claim type
- disagreement
- Recorded
- 19 Jun 2019
- Publisher
- Conversations with Tyler
Transcript context
…Should we be more or less worried about the economics of price discrimination, given the internet? We hear two stories, of course. One is, there’ll be this highly personalized pricing that will leave consumers with no surplus whatsoever. That story seems, to me, to be ridiculous because it’s so easy for consumers to conduct this kind of search and try to find a lower price. So consumers have been empowered by this technology in my view. Let’s say I’m searching on the internet. Amazon has a lot of data about me. Say they were completely allowed to price-discriminate. What’s my response to this hypothetical Amazon third-degree perfect price discrimination? What should I do?…
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