Abstract
Agricultural producers frequently face price discrimination that is based either on characteristics of their products, or on the physical manner in which the product is produced. We consider how to set such discriminatory prices optimally and show that for a very broad range of production technologies, the first-best voluntary policy, which involves a modified version of Ramsey-Boiteux pricing, is implementable even in the presence of hidden knowledge by farmers about their types.
| Original language | English |
|---|---|
| Pages (from-to) | 499-508 |
| Number of pages | 10 |
| Journal | American Journal of Agricultural Economics |
| Volume | 90 |
| Issue number | 2 |
| DOIs | |
| Publication status | Published - 1 May 2008 |
Keywords
- Adverse selection
- Price discrimination
- Ramsey-Boiteuxpricing
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