Price Discrimination in the Steel Industry: Evidence from Egypt
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Date
2019-06
Authors
Journal Title
Journal ISSN
Volume Title
Type
Article
Publisher
B - BYWORD SCIENTIFIC PUBLISHING
Series Info
Proceedings of Business and Economic Studies;
Scientific Journal Rankings
Abstract
This paper studies and enlightens mainly price discrimination; which is simply selling products for differentiated prices. First, a literature framework is detailed with all the theories and types of price discrimination throughout the years. It is a strategy that is used worldwide by so many companies and firms, but this paper studies specifically the activity of the major player in the Egyptian steel industry; Ezz steel. The research resulted in; that there is no price discrimination, activities are implied in the industry currently by the companies due to the interference of the government. However, before that, the company applied some strategies that are illustrated in the paper in detail.
Description
Keywords
October University for university of steel market, elasticity, dominant strategy, monopoly, Price discrimination