) bilateral exports to the United States. The patterns in the data are consistent with the theory. The mean and the variance of …

informational efficiency of the price system. We show that, when agents have private information about monetary shocks, the cost can …

response to earn cigarette puffs. Changing the number of responses required per puff is conceptualized as a price manipulation …. Our experiments show that these price increases decrease cigarette consumption and that price elasticity of demand … increases with increases in price. When from 74 different smokers, participating in 17 different experiments, in our laboratory …

ethanol exposure via a variant of the Samson ethanol fading technique) respond to changes in the price of ethanol. For both … of ethanol exposure did not interfere with rats' ability to behave according to economic theory. In the first experiment …, rats responded only moderately to a 100% price increase (especially when compared to the response for the non …

qualities, but because of them. There is also evidence that genuine medical advances, such as the rise of the germ theory of …

This paper uses laboratory experiments to directly test a central prediction of disclosure theory: that strategic …