Hacker News Reader

If there was perfect price discrimination in elite universities, in other words, if schools were able to charge everyone the exact maximum they are willing to pay, then only the rich would go to elite universities. There is far more demand than open seats.

View on HN

They could price discriminate if they wanted to, the fact that they wouldn't (In ways they already do) I think illustrates that they intuitively understand that in the long run doing so wouldn't be a profit maximizing strategy.

Reply on news.ycombinator.com