In the News
Tesco ends gender price differences for women's razors
2nd January 2017
Lots of people have got into a lather about this - the common practice of charging more for women's razor blades than for men.
Tesco has announced it is ending this example of price discrimination. They argue that economies of scale have helped explain some of the price difference. The much bigger volume of men's razors sold should in theory lead to lower long run average costs. But we shouldn't take that justification at face value!
Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.
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