In the classic gain/loss framing effect, describing a gamble as a potential gain or loss biases people to make risk-averse or risk-seeking decisions, respectively. The canonical explanation for this effect is that frames differentially modulate emotional processes — which in turn leads to...

In recent times, the persuasiveness of accounting information has received increasing attention in the literature. Prior research has focused on the persuasiveness of accounting numbers, either ignoring narratives or focusing on how they are often dismissed as ‘soft' or ‘subjective'....

This study is the first to estimate the empirical effects of minimum resale price maintenance (RPM) across a broad variety of products. We analyze conflicting theories using an exogenous state-level law change resulting from the 2007 Leegin Supreme Court decision. In states where RPM contracts...