fairness to their consumers. The theory relies on two psychological assumptions. First, customers care about the fairness of … rigid. Embedded in a simple macroeconomic model, our pricing theory produces nonneutral monetary policy, a short …This paper proposes a theory of price rigidity consistent with survey evidence that firms stabilize prices out of …

fairness to their consumers. The theory relies on two psychological assumptions. First, customers care about the fairness of … rigid. Embedded in a simple macroeconomic model, our pricing theory produces nonneutral monetary policy, a short …This paper proposes a theory of price rigidity consistent with survey evidence that firms stabilize prices out of …

This research note discusses the distinction between these two concepts of perceptions of fairness, based on the theory … tourists in French Polynesia and a structural equation model, tourists do not confuse price fairness and pricing fairness. The … attention devoted to explaining the fairness of the pricing has more impact on consumer satisfaction than some attempts to …

) conception of justice best explains the existing (European) rules on contract formation and price, and it also casts a long and …

impact of various fairness and accountability regulations on both consumer welfare and firm profit. General insurance pricing … pricing alone cannot achieve individual-level fairness (such as the EU gender-neutral insurance pricing) unless we combine the …While the fairness and accountability in machine learning tasks have attracted attention from practitioners, regulators …

Although some firms use dynamic pricing to respond to demand fluctuations, other firms claim that fairness concerns … prevent them from raising prices during periods when demand exceeds capacity. This paper explores conditions in which fairness … low demand, and customers must travel to a venue to learn the current price. We show that the interaction of fairness …

returns (to welfare and profits) of more sophisticated pricing strategies are small …