This paper takes advantage of a natural experiment to examine the relationship between the price and saliency of health …

at a fixed price before an auction. In the "Buy-It-Now" format, the seller has the bargaining power and offers a price …

In many markets, sellers advertise their good with an asking price. This is a price at which the seller is willing to … asking price and that this offer may be accepted if the seller receives no better offers. Despite their prevalence in a … environment with a few simple, realistic ingredients and demonstrate that using an asking price is optimal: it is the pricing …

We present a new partial equilibrium theory of price adjustment, based on consumer loss aversion. In line with prospect … theory, the consumers' perceived utility losses from price increases are weighted more heavily than the perceived utility … an otherwise standard dynamic neoclassical model of monopolistic competition. The resulting theory of price adjustment is …

prevalence and intensity of firm-level price-cost markups and either wage markups or wage markdowns. We take the dependence … and labor market power. Reducing tariffs on intermediate inputs has increased a firm's price-cost markup but decreased the …