Information frictions play a central role in the formation of household inflation expectations, but there is no consensus about their origins. We address this question with novel evidence from survey experiments. We document two main findings. First, individuals in lower-inflation contexts have...

Customers enjoy many benefits thanks to the severe competition in the leisure shopping scenario. Customers are spending more time on leisure shopping, because the shopping center developers and retailers are concentrating on ways to develop their shopping centers with more leisure pursuit. The...

Eco-labels are important features of many natural resource and food markets. They certify that a product has a desirable intrinsic quality, typically related to a public good such as being sustainably produced. In an increasing number of markets, consumers can choose between different labels...