2 citations · 6 across the 10 of their papers we have counts for
10 papers · 1 filter
0.001% and Counting: Revisiting the Price Rounding Tax
Doron Sayag, Avichai Snir, Daniel Levy
In 1991 and 2008, Israel abolished the equivalents of 1-cent and 5-cent coins, respectively, effectively eliminating low-denomination coins and introducing rounding in cash transac…
Asymmetric price adjustment over the business cycle
Daniel Levy, Haipeng, Chen +6
Studies of micro-level price datasets find more frequent small price increases than decreases, which can be explained by consumer inattention because time-constrained shoppers migh…
Sticky information and price controls: Evidence from a natural experiment
Doron Sayag, Avichai Snir, Daniel Levy
We test the predictions of the sticky information model using a survey dataset by comparing shoppers accuracy in recalling the prices of regulated and comparable unregulated produc…
Price Setting Rules, Rounding Tax, and Inattention Penalty
Doron Sayag, Avichai Snir, Daniel Levy
We study the price rounding regulation in Israel, which outlawed non-0-ending prices, forcing retailers to round 9 ending prices, which in many stores, comprised more than 60 perce…
Large Effects of Small Cues: Priming Selfish Economic Decisions
Avichai Snir, Dudi Levy, Dian Wang +2
Many experimental studies report that economics students tend to act more selfishly than students of other disciplines, a finding that received widespread public and professional a…
Price Gouging or Market Forces? Fairness Perceptions of Price Hikes in the Pandemic
Avichai Snir, Daniel Levy, Dudi Levy +1
We report the results of surveys we conducted in the US and Israel in 2020, a time when many prices increased following the spread of the pandemic. To assess respondents perception…
Small Price Changes, Sales Volume, and Menu Cost
Doron Sayag, Avichai Snir, Daniel Levy
The finding of small price changes in many retail price datasets is often viewed as a puzzle. We show that a possible explanation for the presence of small price changes is related…
Retail Pricing Format and Rigidity of Regular Prices
Sourav Ray, Avichai Snir, Daniel Levy
We study the price rigidity of regular and sale prices, and how it is affected by pricing formats (pricing strategies). We use data from three large Canadian stores with different…
Zero-Ending Prices, Cognitive Convenience, and Price Rigidity
Avichai Snir, Haipeng, Chen +1
We assess the role of cognitive convenience in the popularity and rigidity of 0 ending prices in convenience settings. Studies show that 0 ending prices are common at convenience s…
Potterian Economics
Daniel Levy, Avichai Snir
Recent studies in psychology and neuroscience offer systematic evidence that fictional works exert a surprisingly strong influence on readers and have the power to shape their opin…