3 papers
econ.GN2025
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…
econ.GN2025
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…
econ.GN2024
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…