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The Campus Parking Game: A Demonstration of Price Discrimination and Efficiency

Author

Listed:
  • Jeffrey Michael
  • Arthur Zillante
  • Sarah Stafford
  • Greg Buchholz
  • Katherine Guthrie
  • Julia Heath

Abstract

This article presents a classroom game that allows students to directly experience the welfare improvements that can result from price discrimination. The demonstration uses a very familiar decision‐making scenario, campus parking, to introduce the concept of price discrimination as well as reinforce the concepts of opportunity cost, consumer surplus, and search costs. This game can be used in a variety of classes, including principles, intermediate theory, industrial organization, or environmental economics, and can be conducted in a 50‐minute class period with follow‐up discussion in the next class.

Suggested Citation

  • Jeffrey Michael & Arthur Zillante & Sarah Stafford & Greg Buchholz & Katherine Guthrie & Julia Heath, 2005. "The Campus Parking Game: A Demonstration of Price Discrimination and Efficiency," Southern Economic Journal, John Wiley & Sons, vol. 71(3), pages 668-682, January.
    • Handle: RePEc:wly:soecon:v:71:y:2005:i:3:p:668-682
    DOI: 10.1002/j.2325-8012.2005.tb00666.x
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    References listed on IDEAS

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    1. Robert B. Ekelund, 1970. "Price Discrimination and Product Differentiation in Economic Theory: An Early Analysis," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 84(2), pages 268-278.
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    Cited by:

    1. Paul Johnson & Bart J. Wilson, 2008. "Economics Works! Experiments in High School Classrooms," Journal of Private Enterprise, The Association of Private Enterprise Education, vol. 23(Spring 20), pages 149-156.

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