3 Matching Annotations
  1. May 2020
  2. Dec 2019
    1. In low-income countries the vast majority are unwilling to pay for effective drugs simply because they are unable to pay. Low-income nations need more price discrimination—and vastly lower prices—if they are ever to afford the world's most effective medicines.

      Does price discrimination help poor countries here? Which countries have more price-inelastic demand? Does PD increase social welfare for this case?

    1. She found a German seller offering packs of the same nappies she buys in Luxembourg for the same price she normally pays. Looking more closely at the unit price, however, Nadine realised that the German packs contained 140 nappies, whereas the packs in Luxembourg had only 90, making them much more expensive. She switched straight away to buying all her nappies from the German shop.

      If this was price discrimination... which country's consumers likely had the higher price elasticity?