In many markets prices react stronger to rising than to falling costs. This asymmetric cost pass-through is still not fully understood, but recent theories suggest that asymmetric adjustments of consumers’…
Search engines allow users quick access to information, which they are trying to find or discover through the search engine. Thus, search engines have become important information intermediaries. Due to their…
It is well understood that political participation is stratified by socio-economic characteristics. Yet it is an open question how this finding bears on the normative evaluation of the democratic process. In…