Price Gouging or Market Forces? Fairness Perceptions of Price Hikes in the Pandemic
Fuente:
arXiv
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| Autores principales: | , , , |
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| Formato: | Preprint |
| Publicado: |
2024
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| Acceso en línea: | |
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| _version_ | 1866909134766473216 |
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| author | Snir, Avichai Levy, Daniel Levy, Dudi Chen, Haipeng Allan |
| author_facet | Snir, Avichai Levy, Daniel Levy, Dudi Chen, Haipeng Allan |
| contents | 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 perceptions of price increases, we focus on goods whose prices have increased during the pandemic, including some essential goods. Consistent with the principle of dual entitlement, we find that respondents perceive price increases as more acceptable if they are due to cost shocks than if they are due to demand shocks. However, we also find large differences across the two populations, as well as across goods. |
| format | Preprint |
| id |
arxiv_https___arxiv_org_abs_2403_07617 |
| institution | arXiv |
| publishDate | 2024 |
| record_format | arxiv |
| spellingShingle | Price Gouging or Market Forces? Fairness Perceptions of Price Hikes in the Pandemic Snir, Avichai Levy, Daniel Levy, Dudi Chen, Haipeng Allan General Economics Economics 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 perceptions of price increases, we focus on goods whose prices have increased during the pandemic, including some essential goods. Consistent with the principle of dual entitlement, we find that respondents perceive price increases as more acceptable if they are due to cost shocks than if they are due to demand shocks. However, we also find large differences across the two populations, as well as across goods. |
| title | Price Gouging or Market Forces? Fairness Perceptions of Price Hikes in the Pandemic |
| topic | General Economics Economics |
| url | https://arxiv.org/abs/2403.07617 |