34 citations · 34 across the 2 of their papers we have counts for
2 papers
econ.TH2021
A Theory of Ex Post Rationalization
Erik Eyster, Shengwu Li, Sarah Ridout
People rationalize their past choices, even those that were mistakes in hindsight. We propose a formal theory of this behavior. The theory predicts that sunk costs affect later cho…
econ.TH2019★ 34 cited
Pricing under Fairness Concerns
Erik Eyster, Kristof Madarasz, Pascal Michaillat
This paper proposes a theory of pricing premised upon the assumptions that customers dislike unfair prices---those marked up steeply over cost---and that firms take these concerns…