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

and statistically significant short-term variation in stock price and volume. Short-term returns around the cutoff values …

's inefficiencies-the price paid for funding its unspent surpluses and the overpayments made to purchase its spending policy. We show …

generates price series imultaneously exhibiting all three of the following features that can be found in the data. 1) Prices … agree with the evidence that reductions in price, e.g. sales, are usually short-lasting and that the highest price in a … sample tends to be the most quoted price. Discrete and asymmetric pricing is a seller's optimal response to his limited …

. The sellers cannot credibly communicate the quality they offer, and consequently price acts as a signal of quality. We … mark case where quality is observable the price of high-quality goods is higher when quality is not observable but must be … inferred from the price …

individual bookmakers are not efficient. Their own odds do not appear to use fully the information contained in their competitors …