We present a new partial equilibrium theory of price adjustment, based on consumer loss aversion. In line with prospect … theory, the consumers' perceived utility losses from price increases are weighted more heavily than the perceived utility … an otherwise standard dynamic neoclassical model of monopolistic competition. The resulting theory of price adjustment is …

This research examines variations in the diffusion of agriculture across countries and archaeological sites. The theory … propelled to experiment with their habitats determined the accumulation of tacit knowledge complementary to farming. Thus …

the development of path-dependence theory and a better understanding of decision-making behavior under conditions of … path dependence by means of an experimental study. By focusing on the mode of information load and decision quality in … chronological sequences, the study explores the impact of complexity on decision-making processes. The results contribute to both …

assumption is not at all consistent with the actual behavior of the Treasury. The theory of general equilibrium states that an …