Chapter 1: Status as concept and social fact -- Part I: Theoretical perspectives -- Chapter 2: The manipulation of status: Causes and effects -- Chapter 3: Status and cognition: Decision making, policy implementation, and fallacies and biases in status ordered fields -- Part II: Empirical cases...

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...

Fungibility of money is a central principle in economics. It implies that any unit of money is substitutable for another and that the composition of income is irrelevant for consumption. We find in a field experiment that even in a simple, incentivized setup many subjects do not treat money as...