530
INDEX
payoffs 334 pedagogical approach 14 perceived price 423 perceived quality 92, 150, 423 perceived value 424 perfect competition 289, 291–299, 474 perfect information 291, 337 perfect knowledge, see perfect information performance-related pay (PRP) 53 Peterson, R. A. 428 pharmaceutical industry 7 Phelps, C. E. 121 Phlips, L. 521 physical economies of scale, see economies of scale Pinker, S. 27 point elasticity, see price elasticity of demand point estimate 140, 162 Polly Peck 56 polynomial functions 143, 144, 280 Pompelli, G. 121 pooled data 130 population parameters 157 population regression function 140, 157 population regression line, see population regression function Porter, M. E. 385 positive statements 9, 471 Posner, R. A. 27, 520 Post Office 503–506 postal services 503–507 post-contract opportunism 39–40, 514 potential monopoly 480, 493 power form of regression 137–138, 144, 145 power form 78–79, 101, 106, 107, 109, 268, 271, 417 power function, see power form Pratten, C. 269 pre-contract opportunism 38, 514 predatory pricing, see pricing Prendergast, C. 69 prescriptive statements 9 price cap 486, 487, 490, 501 price constraints 486 price discrimination 7, 498 first degree 397 second degree 90, 397 third degree 398 price elasticity of demand (PED) 79, 99–120, 138, 306–308, 391–392, 396, 403, 417–421, 464 adjusted 100 arc 100, 105
point 100 simple 99 price-fixing 317, 325–327, 497 price leadership 324 barometric 324 dominant 324 price lining 424 price-maker 304 price promotion 424 price rigidities 319 price–quality relationship 150, 423–424 price-taker 237, 291, 304 PricewaterhouseCoopers 49 pricing dynamic aspects 421–422 limit 302 multiproduct 405–411 odd 424 predatory 302, 376–377, 479, 498 prestige 424 transfer 411–416 Prisoner’s Dilemma (PD) 334–336, 370, 497 private costs 215 private information 41 private schools 325–327 privatization 477, 486–490 prize money in tennis, 17–18 probability 440–441 prob-value, see significance value producer surplus 310, 386, 391, 392, 394, 403, 474 product differentiation 313, 317, 318, 323, 324, 345, 400 product life-cycle (PLC) 421–422 product line 60–61, 387, 393, 399, 406 product mix 387 production functions 178–179, 182–183, 226–227, 256 product-line pricing, see multi-product under pricing profit constraints 486 profit contribution 238–239 profit margin 306, 391, 392, 394 profit maximization 65–67, 190–191 long-run 49 product-line 60–61 product-mix 49 short-run 49 profitability index 453 promotion 92 of competition 477, 490–493 promotional elasticity of demand (AED), see advertising elasticity of demand
