We develop a new framework to analyze the effect of calorie posting on overconsumption of calories in a fixed-price context (e.g., fixed-price buffets). The framework demonstrates that a desire to get `a good deal’ (transaction utility) and loss aversion can induce asymmetry between two...

Previous studies commonly assume that the effects of introducing and ending cereal price subsidies on the poor’s nutrient intakes are symmetric. We question the assumption of symmetry and show that the poor’s nutrient intakes respond asymmetrically to declines and increases in the price of...

We analyze the transmission of shocks through international bank lending, as is suggested in Kaminsky and Reinhart [6], by examining the bank’s international lending behavior. We develop a portfolio selection model, which explicitly includes the economic condition of the bank’s home county....