. This paper provides a framework to uncover consumers' perceived price of nonlinear price schedules. I exploit price … respond to average price rather than marginal or expected marginal price. This sub-optimizing behavior makes nonlinear pricing …

- the latter frequently approaching 100%. Whereas in 1994, the generic price index fell from 100 to 80 in the 12 months … following initial generic entry and by 24 months to 65, in 2009 the comparable generic price indexes are 68 and 27, respectively … Medicare Part D, the average price per prescription declined by 21.3% from 2006 to 2009, rather than increasing by 25-28% as …

' willingness to pay for fuel economy using a novel identification strategy and high quality microdata from wholesale used car …, and therefore different remaining lifetimes. By seeing how price differences across high and low mileage vehicles of … different fuel economies change in response to shocks to the price of gasoline, we estimate the relationship between vehicle …

inattention parameter implied by the price discontinuities. In addition, our results suggest that estimating consumer …

Temporary price reductions (sales) are common for many goods and naturally result in large increase in the quantity … neglect dynamics, may overestimate price sensitiveness by up to a factor of 2 to 6 …

, such as quality or price. An attribute is salient for a good when it stands out among the good's characteristics, in the … are characterized by only one quality attribute and price, salience tilts choices toward goods with higher ratios of … quality to price. We use the model to account for a variety of disparate bits of evidence, including decoy effects in consumer …