Ramsey Pricing

Definitions

Economics

• noun
  (written as Ramsey pricing)
  a pricing rule by which price rises or increased taxes should be made on those goods for which there is the greatest demand, and not on those which are particularly price-sensitive.

Health Economics

• This is a pricing principle that minimizes the welfare loss when production is monopolistic and subject to a minimum profit constraint. The rule is to set prices so as to exceed marginal cost by a sum that is inversely proportional to the elasticities of demand.
• synonyminverse elasticity rule
• synonymInverse Elasticity Rule
  (written as Ramsey pricing)

Nearby Definitions of “Ramsey Pricing”

• rammed earth
• ramp
• ramp up
• ramp wave
• Ramsar Site
• Ramsey Pricing
• ramsons
• ranch
• rancio
• rancour
• random

Contexts for “Ramsey Pricing”

4 definitions in context
• Economics
• Health Economics