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Public and private values
Ariely, Dan; Bracha, Anat; L'Huillier, Jean-Paul - Federal Reserve Bank of Boston - 2010
This paper experimentally examines whether looking at other people's pricing decisions is a type of heuristic - a …
Persistent link: https://www.econbiz.de/10008465692
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How small is zero price? : the true value of free products
Shampan'er, Kristina; Ariely, Dan - Federal Reserve Bank of Boston - 2006
participants choosing the more attractive chocolate dramatically decreases. Thus, individuals seem to act as if pricing a good as …
Persistent link: https://www.econbiz.de/10005713296
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State-dependent pricing and optimal monetary policy
Lie, Denny - Federal Reserve Bank of Boston - 2009
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 …
Persistent link: https://www.econbiz.de/10008623374
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Estimating demand in search markets: the case of online hotel bookings
Koulayev, Sergei - Federal Reserve Bank of Boston - 2009
In this paper, we emphasize that choice sets generated by a search process have two properties: first, they are limited; second, they are endogenous to preferences. Both factors lead to biased estimates in a static demand framework that takes choice sets as given. To correct for this bias, we...
Persistent link: https://www.econbiz.de/10008623372