overvalues a product attribute - quality or price - that stands out in a particular choice situation. In a highly competitive low-price … environment like on an online platform, consumers focus more on price rather than quality. Especially if the market power of local … (physical) retailers is low, price tends to be salient also in the local store, which is unfavorable for the high …

that a low-safety product is marketed at a low price to consumers with relatively small harm levels whereas the safer … product is sold at a high price to consumers with high levels of harm. Firms' expected liability payments are critically …

pesticides are generally more stringent than under autarky. As a result, trade increases the price volatility of crops produced …

. Consistent with our theory, vertical differentiation affects exports via sunk costs and the extensive margin, whereas the effect …