Wednesday, April 25, 2012

[jpfapxmz] Price discrimination gone wrong

Price discrimination attempts to distinguish those who are able to pay more and charge them higher prices.  But no classifier is perfect.  What if you accidentally fall in the wealthy class even though you are poor?  Your quality of life is even further ruined.

This effect might contribute toward widening wealth distribution.  Is the solution to ban all price discrimination (there are many).  Or will that make things even worse?

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