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

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

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

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

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

. In line with prospect theory the perceived losses from price increases are weighted stronger in the consumer s utility …This paper provides an alternative theory of price adjustment resting on consumer loss aversion in the price dimension …

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