Characterization of Glass,Shell, and Fishbone Beads on Ibo Island (Northern Mozambique) in the Context of the Indian Ocean Trade

African Archaeological Review - A set of beads made of glass, gastropod mollusk shell, and fishbone from a Swahili occupation level on Ibo Island (northern Mozambique) is dated to the eleventh and...     

THE WELFARE ASPECTS OF SPATIAL PRICING POLICIES RECONSIDERED FOR A MONOPOLY CASE*

ABSTRACT. We reexamine the price structures and their welfare implications in three pricing regimes (mill, uniform and discriminatory) for a monopoly. We show that spatial price discrimination could provide the highest social welfare and, when consumers tastes are heterogeneous enough, also the highest consumer surplus. The superiority of spatial price discrimination is partially due to the larger output produced and partially due to differential treatment for consumers with heterogeneous tastes.