Retailers typically sell many different products from the same manufacturer at the same price. I consider retailer-based explanations for this uniform pricing puzzle, estimating the counterfactual profits that would be lost by a retailer switching from a non-uniform to a uniform pricing regime...

We derive revealed preference tests for models where individuals use consideration sets to simplify their consumption problem. Our basic test provides necessary and sufficient conditions for consistency of observed choices with the existence of consideration set restrictions. The same conditions...

Using detailed micro-data, this paper documents that households with lower income risk (and higher income levels) exhibit a higher Marginal Propensity to Consume (MPC) in response to transitory income shocks, all else being equal. This finding is particularly significant among unconstrained...