participants choosing the more attractive chocolate dramatically decreases. Thus, individuals seem to act as if pricing a good as …

This paper analyzes optimal monetary policy under precommitment in a state-dependent pricing (SDP) environment. Under … authority in comparison to the standard time-dependent pricing (TDP) assumption. In particular, it is desirable to let inflation …

This paper experimentally examines whether looking at other people's pricing decisions is a type of heuristic - a …