@techreport{NBERw15019,
 title = "A Dynamic Model of Price Discrimination and Inventory Management at the Fulton Fish Market",
 author = "Kathryn Graddy and George Hall",
 institution = "National Bureau of Economic Research",
 type = "Working Paper",
 series = "Working Paper Series",
 number = "15019",
 year = "2009",
 month = "May",
 URL = "http://www.nber.org/papers/w15019",
 abstract = {We estimate a dynamic profit-maximization model of a fish wholesaler who can observe consumer characteristics, set individual prices, and thus engage in third-degree price discrimination.  Simulated prices and quantities from the model exhibit the key features observed in a set of high quality transaction-level data on fish sales collected at the Fulton fish market.  The model's predictions are then compared to the case in which the dealer must post a single price to all customers.  We find the cost to the dealer of posting a uniform price to be extremely small.},
}