We develop a model in which a profit-maximizing monopolist with uncertain cost of production sells to loss-averse, yet rational, consumers. We first introduce (portable) techniques for analyzing the demand of such consumers, and then investigate the monopolist’s pricing strategy. Compared to lower possible purchase prices, paying a higher price in the firm’s pricing distribution is assessed by ...

Among mainstream academic economists and policymakers, the leading alternative to the real business cycle theory is the New Keynesian model. Whereas the real business cycle model features monetary neutrality and emphasizes that there should be no active stabilization policy by governments, the New Keynesian model builds in a friction that generates monetary non-neutrality and gives rise to a we...

As technology use becomes more ubiquitous, systems that are able to bypass users’ intentional behaviors through the creation of automatized, or habitual behaviors, are tapping into a potentially powerful aspect of the human psyche. This study contributes to both sunk cost theory and technology continuance research by examining the relationship between the drivers of habit and habitual IS use, a...

Stickiness of sugar solutions causes problems in various food products and operations. In this study, the effects glucose syrup type (dextrose equivalent) crystalline particles on stickiness with water contents from 10 to 20% were determined. Four different corn syrups varying dextrose equivalence (DE) used determine polysaccharide distribution stickiness. The (zirconium oxide beads (Zr2O3), fo...

Abstract Adhesion between an elastic body and a smooth, rigid substrate can lead to large tensile stresses them. However, most macroscopic objects are microscopically rough, which strongly suppresses adhesion. A fierce debate has unfolded recently as whether local or global parameters determine the crossover small Here, we report simulations revealing that dependence of pull-off force F n on su...