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It's a way for a retailer to get a larger discount without violating the 1936 Robinson-Patman Act, which prohibits producers from offering price advantages to favored retailers.
An idea gaining currency among economists known as hyperbolic discounting is that individuals use a larger discount rate for shorter time periods.
In Figure 10, it can be seen that when options or forward contracts result in improved server utilisation, consumers receive a larger discount.
The FSEIS recognizes this dynamic, stating that in a "pipeline constrained" scenario where Keystone XL is rejected, tar sands crude would sell at a larger discount relative to global oil prices.
Retailers that are part of the program have two options: They can either opt to be part of the revenue-sharing deal or they can receive a larger discount when purchasing the devices from Amazon for resale in their stores.
Note that impulsivity in intertemporal choice corresponds to a larger discount rate; while inconsistency corresponds to a more rapid decrease in a discount rate as delay increases (see Appendix I for a distinction between impulsivity and inconsistency).
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At Fresenius, a health care company, a substantial premium has turned into a large discount.
The shares have made sustained progress but still stand at a large discount on underlying holdings.
In effect, it was allowed to pay off the loan at a large discount to face value.
"That means exposing the Osprey owners to a large discount from book value as well," Mr. McCullough said.
Around 70% of the debts were reportedly then acquired at a large discount by a Belize-based company called Millen Financial, which was also controlled by Pinchuk.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com