Similar Search Results

Academic Scholarship in Light of the 2008 Financial Crisis: Textual Analysis of NBER Working Papers

Levy, Daniel; Mayer, Tamir; Raviv, Alon - 2020

–2009 crisis on the academic literature. The volume of crisis-related WPs is counter-cyclical, lagging the financial …-instability-index. WPs by the Monetary-Economics, Asset-Pricing, and Corporate-Finance program members, hardly refer to “crisis/crises” in … the pre-crisis period. As the crisis develops, however, their study-efforts of crisis-related issues increase rapidly …

Persistent link: https://www.econbiz.de/10015266578

Academic Scholarship in Light of the 2008 Financial Crisis: Textual Analysis of NBER Working Papers

Levy, Daniel; Mayer, Tamir; Raviv, Alon - 2020

crisis on the economics literature. The volume of crisis-related WPs is counter-cyclical, lagging the financial …-instability-index. WPs by the Monetary-Economics, Asset-Pricing, and Corporate-Finance program members, hardly refer to “crisis/crises” in … the pre-crisis period. As the crisis develops, however, their study-efforts of crisis-related issues increase rapidly. In …

Persistent link: https://www.econbiz.de/10015266597

Sticky information and price controls: Evidence from a natural experiment

Sayag, Doron; Snir, Avichai; Levy, Daniel - In: Economics Letters (2025) Articles in press, pp. 1-12

We test the predictions of the sticky information model using a survey dataset by comparing shoppers’ accuracy in recalling the prices of regulated and comparable unregulated products. Because regulated product prices are capped, they are sold more than comparable unregulated products, while...

Persistent link: https://www.econbiz.de/10015210337

Price Setting Rules, Rounding Tax, and Inattention Penalty

Sayag, Doron; Snir, Avichai; Levy, Daniel - 2024

We study Israel’s “price rounding regulation” of January 1, 2014, which outlawed non-0-ending prices, forcing retailers to round 9-ending prices, which in many stores comprised 60%+ of all prices. The regulation’s goals were to eliminate (1) the rounding tax—the extra amount consumers...

Persistent link: https://www.econbiz.de/10015214476

Price Gouging or Market Forces? Fairness Perceptions of Price Hikes during the Pandemic

Snir, Avichai; Levy, Daniel; Levy, Dudi; Chen, Haipeng - 2024

We report the results of surveys we conducted in the US and Israel in 2020, a time when many prices increased following the spread of the COVID-19 pandemic. To assess respondents’ fairness perceptions of price increases, we focus on goods whose prices have increased during the pandemic,...

Persistent link: https://www.econbiz.de/10015214669

Sticky Information and Price Controls: Evidence from a Natural Experiment

Sayag, Doron; Snir, Avichai; Levy, Daniel - 2025

We test the predictions of the sticky information model using a survey dataset by comparing the shoppers’ accuracy in recalling the prices of regulated and comparable unregulated products. Regulated product prices change less frequently, vary less across stores and between brands, and are sold...

Persistent link: https://www.econbiz.de/10015214769

Price Points and Price Rigidity

Levy, Daniel; Lee, Dongwon; Chen, Haipeng; Kauffman, Robert - 2007

We offer new evidence on the link between price points and price rigidity using two datasets. One is a large weekly transaction price dataset, covering 29 product categories over an eight-year period from a large U.S. supermarket chain. The other is from the Internet, and includes daily prices...

Persistent link: https://www.econbiz.de/10015216547

Promise, Trust and Betrayal: Costs of Breaching an Implicit Contract

Levy, Daniel; Young, Andrew - 2020

We study the cost of breaching an implicit contract in a goods market. Young and Levy (2014) document an implicit contract between the Coca-Cola Company and its consumers. This implicit contract included a promise of constant quality. We offer two types of evidence of the costs of breach. First,...

Persistent link: https://www.econbiz.de/10015225012

Shrinking Goods and Sticky Prices: Theory and Evidence

Snir, Avichai; Levy, Daniel - 2011

If producers have more information than consumers about goods’ attributes, then they may use non-price (rather than price) adjustment mechanisms and, consequently, the market may reach a new equilibrium even if prices remain sticky. We study a situation where producers adjust the quantity (per...

Persistent link: https://www.econbiz.de/10015226027

Discussion of "Lumpy Price Adjustments: A Microeconometric Analysis" by Dhyne, et al. (2007)

Levy, Daniel - 2007

Discussion of "Lumpy Price Adjustments: A Microeconometric Analysis" by Emmanuel Dhyne, Catherine Fuss, Hashem Pesaran, and Patrick Sevestre (2007); Presented at the Spring 2007 Conference of the Deutsche Bundesbank and the Banque De France on "Micro-Data and Macroeconomic Implications," April...

Persistent link: https://www.econbiz.de/10015226662