Nonlinear Pricing

Published in Association with the Electric Power Research Institute

By: Robert B. Wilson

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Paperback | 1 January 1997

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444 Pages

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23.5 x 15.6 x 2.7

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What do phone rates, frequent flyer programs, and railroad tariffs all have in common? They are all examples of nonlinear pricing. Pricing is nonlinear when it is not strictly proportional to the quantity purchased.

The Electric Power Research Institute has commissioned Robert Wilson to review the various facets of nonlinear pricing. The work starts with a general non-mathematical discussion, followed by a more technical presentation intended for readers with a fairly advanced background. Thorough and detailed, this study has ample examples of case studies from a variety of industries.

About the Author

Robert Wilson is the Adams Distinguished Professor of Management, Emeritus, at the Stanford Business School, where he has been on the faculty since 1964. His research and teaching are on market design, pricing, negotiation, and related topics concerning industrial organization and information economics. He is an expert on game theory and its applications. He was awarded the 2020 Nobel Prize in economics.

Industry Reviews

"Anyone interested in pricing in imperfectly competitive and regulated markets can learn a great deal from Nonlinear Pricing. It will be a standard advanced text and reference for years to come....Nonlinear Pricing has increased both economists' understanding of nonlinear tariffs and practitioners' ability to implement them in a variety of settings. Like other important and enduring works, Nonlinear Pricing poses questions no less interesting than those it answers."--Journal of Political Economy "Anyone interested in pricing in imperfectly competitive and regulated markets can learn a great deal from Nonlinear Pricing. It will be a standard advanced text and reference for years to come....Nonlinear Pricing has increased both economists' understanding of nonlinear tariffs and practitioners' ability to implement them in a variety of settings. Like other important and enduring works, Nonlinear Pricing poses questions no less interesting than those it answers."--Journal of Political Economy "Robert Wilson has written an important book...its methodological contributions should make it valuable to the wider audience of economists working on a range of topics in the Economics of Information."--Journal of Economic Literature

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