Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/285120 
Year of Publication: 
2024
Publisher: 
ZBW - Leibniz Information Centre for Economics, Kiel, Hamburg
Abstract: 
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 COVID-19 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.
Subjects: 
Fairness Perceptions
Price Increases
The Pandemic
Dual Entitlement
Consumer Antagonism
JEL: 
E31
E70
D90
M31
Document Type: 
Working Paper

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