We analyze the welfare consequences of a monopolist having additional information about consumers’ tastes, beyond the prior distribution; the additional information can be used to charge different prices to different segments of the market, i.e., carry out "third degree price

(2) Mental preferences: These describe the mental attitude of an individual toward the objects. They can be defined in contexts which do not involve actual choice. In particular, preferences can describe tastes (such as a preference for one season over another) or can refer to situations which are only hypothetical (such as the possible courses of action available to an individual were he to be...

Animals actively acquire sensory information from the outside world, with rodents sniffing to smell and whisking to feel. Licking, a rapid motor sequence used for gustation, serves as the primary means of controlling stimulus access to taste receptors in the mouth. Using a novel taste-quality discrimination task in head-restrained mice, we measured and compared reaction times to four basic tast...

We consider a modified Prisoners' Dilemma game in which each agent can offer to pay the other agent to cooperate. The subgame perfect equilibrium of this two-stage game is Pareto efficient. We examine experimentally whether subjects actually manage to achieve this efficient outcome. We find an encouraging level of support for the mechanism, but also find some evidence that subjects' tastes for ...

This data article describes a sensory evaluation of potatoes used in food processing from the Tokachi, Kamikawa, and Abashiri geographic areas of Hokkaido, Japan, performed by untrained young adults. We gathered sensory data on potatoes from the four cultivars 'Toyoshiro,' 'Kitahime,' 'Snowden,' and 'Poroshiri.' The sensory evaluation was performed on steamed potatoes from each cultivar; these ...

Women work in occupations that are diVerent from those of men and get paid less for apparently the same personal and job characteristics.1 These diVerences have, in part, been attributed to economic discrimination that some have ascribed to “tastes.” The most cited treatise on the subject posits that some individuals desire to work and live apart from others and would require a premium to inter...

Marketing has faced new challenges over the past decade. The days of the mass market are definitely over. Consumers now are exposed to numerous cable channels and satellite channels. Many people do not get their information from TV at all, but use Web sites. The population has also developed. Minorities have grown and asserted their own tastes and needs. A product that is attractive to the aver...

In specifications of tastes and technology, econometricians often impose curvature globally, but monotonicity only locally or not at all. In fact monotonicity rarely is even mentioned in that literature. But without satisfaction of both curvature and monotonicity, the second order conditions for optimizing behavior fail, and duality theory fails. The resulting first order conditions, demand fun...

In the social sciences there has been much exciting and informative work on farmers' markets and this paper contributes to this literature by considering how the place of farmers' markets affects the way consumers understand the taste of food. I draw on the difficulty faced by many consumers in articulating the taste of food, especially when food is perceived to taste good. I explore how consum...

the new culture of Poland is very much reflected in the design of many of its new buildings that have been completed since the political and economic changes in 1989. the architecture of Poland appears to have lurched from an inappropriate socialist modernism that was so horridly imposed during the communist era to an equally inappropriate post modernist hegemony in the new enterprise culture. ...