, such as quality or price. An attribute is salient for a good when it stands out among the good's characteristics, in the … are characterized by only one quality attribute and price, salience tilts choices toward goods with higher ratios of … quality to price. We use the model to account for a variety of disparate bits of evidence, including decoy effects in consumer …

controlling for the value of time, and price elasticities are often higher than expected, especially when more disaggregated data … are examined. Price inelastic demand is more likely the result of low pricing strategies of non-profit arts managements … rather than any inherent result of an acquired taste for the arts, while cross-price elasticity evidence is relatively weak …