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Cited by:
- Tingliang Huang & Zhe Yin & Ying-Ju Chen, 2017. "Managing Posterior Price Matching: The Role of Customer Boundedly Rational Expectations," Manufacturing & Service Operations Management, INFORMS, vol. 19(3), pages 385-402, July.
- Greg Fischer & Dean Karlan & Margaret McConnell & Pia Raffler, 2014.
"To Charge or Not to Charge: Evidence from a Health Products Experiment in Uganda,"
Working Papers
1041, Economic Growth Center, Yale University.
- Fischer, Greg & Karlan, Dean & McConnell, Margaret & Raffler, Pia, 2014. "To Charge or Not to Charge: Evidence from a Health Products Experiment in Uganda," Working Papers 133, Yale University, Department of Economics.
- McConnell, Margaret & Karlan, Dean & Fischer, Greg & Raffler, Pia, 2014. "To Charge or Not to Charge: Evidence from a Health Products Experiment in Uganda," CEPR Discussion Papers 9999, C.E.P.R. Discussion Papers.
- Fischer, Greg & Karlan, Dean S. & McConnell, Margaret & Raffler, Pia, 2014. "To Charge or Not to Charge: Evidence from a Health Products Experiment in Uganda," Center Discussion Papers 169540, Yale University, Economic Growth Center.
- Greg Fischer & Dean Karlan & Margaret McConnell & Pia Raffler, 2014. "To Charge or Not to Charge: Evidence from a Health Products Experiment in Uganda," NBER Working Papers 20170, National Bureau of Economic Research, Inc.
- Heiko Karle & Martin Peitz, 2014.
"Competition under consumer loss aversion,"
RAND Journal of Economics, RAND Corporation, vol. 45(1), pages 1-31, March.
- Karle, Heiko & Peitz, Martin, 2012. "Competition under consumer loss aversion," Working Papers 12-08, University of Mannheim, Department of Economics.
- Karle, Heiko & Peitz, Martin, 2014. "Competition under consumer loss aversion," Working Papers 12-08, University of Mannheim, Department of Economics.
- P. Février & L. Wilner, 2012.
"Do Consumers Correctly Expect Price Reductions? Testing Dynamic Behavior,"
Documents de Travail de l'Insee - INSEE Working Papers
g2012-03, Institut National de la Statistique et des Etudes Economiques.
- Philippe Février & Lionel Wilner, 2014. "Errors in variables Models," Working Papers 2014-32, Center for Research in Economics and Statistics.
- Février, Philippe & Wilner, Lionel, 2016.
"Do consumers correctly expect price reductions? Testing dynamic behavior,"
International Journal of Industrial Organization, Elsevier, vol. 44(C), pages 25-40.
- P. Février & L. Wilner, 2012. "Do Consumers Correctly Expect Price Reductions? Testing Dynamic Behavior," Documents de Travail de l'Insee - INSEE Working Papers g2012-03, Institut National de la Statistique et des Etudes Economiques.
- Jean-Michel Benkert, 2015.
"Bilateral trade with loss-averse agents,"
ECON - Working Papers
188, Department of Economics - University of Zurich, revised Jul 2022.
- Jean-Michel Benkert, 2022. "Bilateral Trade with Loss-Averse Agents," Diskussionsschriften dp2203, Universitaet Bern, Departement Volkswirtschaft.
- März, Oliver, 2019. "Competitive persuasive advertising under consumer loss aversion," Economics Letters, Elsevier, vol. 185(C).
- Karle, Heiko & Schumacher, Heiner & Vølund, Rune, 2023.
"Consumer loss aversion and scale-dependent psychological switching costs,"
Games and Economic Behavior, Elsevier, vol. 138(C), pages 214-237.
- Heiko Karle & Heiner Schumacher & Rune Vølund, 2021. "Consumer Loss Aversion and Scale-Dependent Psychological Switching Costs," CESifo Working Paper Series 9313, CESifo.
- Nakamura, Emi & Steinsson, Jón, 2011.
"Price setting in forward-looking customer markets,"
Journal of Monetary Economics, Elsevier, vol. 58(3), pages 220-233.
- Emi Nakamura & Jon Steinsson, 2005. "Price Setting in a Forward-Looking Customer Market," Macroeconomics 0509010, University Library of Munich, Germany.
- Heiko Karle & Heiner Schumacher & Rune Vølund, 2020.
"Consumer search and the uncertainty effect,"
Working Papers of Department of Economics, Leuven
657766, KU Leuven, Faculty of Economics and Business (FEB), Department of Economics, Leuven.
- Karle, Heiko & Schumacher, Heiner & Volund, Rune, 2021. "Consumer Search and the Uncertainty Effect," CEPR Discussion Papers 15967, C.E.P.R. Discussion Papers.
- Jong-Hee Hahn & Jinwoo Kim & Sang-Hyun Kim & Jihong Lee, 2018.
"Price discrimination with loss averse consumers,"
Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 65(3), pages 681-728, May.
- Jong-Hee Hahn & Jinwoo Kim & Sang-Hyun Kim & Jihong Lee, 2016. "Price Discrimination with Loss Averse Consumers," Working papers 2016rwp-97, Yonsei University, Yonsei Economics Research Institute.
- Chengli Liu & C. K. M. Lee & K. H. Leung, 2019. "Pricing Strategy in Dual-Channel Supply Chains with Loss-Averse Consumers," Asia-Pacific Journal of Operational Research (APJOR), World Scientific Publishing Co. Pte. Ltd., vol. 36(05), pages 1-22, October.
- Michael Grubb, 2015. "Behavioral Consumers in Industrial Organization: An Overview," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 47(3), pages 247-258, November.
- Wenner, Lukas M., 2015. "Expected prices as reference points—Theory and experiments," European Economic Review, Elsevier, vol. 75(C), pages 60-79.
- Koch, Alexander K. & Nafziger, Julia & Suvorov, Anton & van de Ven, Jeroen, 2014.
"Self-rewards and personal motivation,"
European Economic Review, Elsevier, vol. 68(C), pages 151-167.
- Alexander K. Koch, & Julia Nafziger & Anton Suvorov & Jeroen van de Ven, 2012. "Self-Rewards and Personal Motivation," Economics Working Papers 2012-14, Department of Economics and Business Economics, Aarhus University.
- Achilleas Vassilopoulos & Andreas C. Drichoutis & Rodolfo M. Nayga, Jr, 2018.
"Loss Aversion, Expectations and Anchoring in the BDM Mechanism,"
Working Papers
2018-1, Agricultural University of Athens, Department Of Agricultural Economics.
- Vassilopoulos, Achilleas & Drichoutis, Andreas C. & Nayga, Rodolfo, 2018. "Loss Aversion, Expectations and Anchoring in the BDM Mechanism," MPRA Paper 85635, University Library of Munich, Germany.
- Vincent Meisner & Jonas von Wangenheim, 2022. "Loss aversion in strategy-proof school-choice mechanisms," Papers 2207.14666, arXiv.org.
- Jetlir Duraj, 2018. "Mechanism Design with News Utility," Papers 1808.04020, arXiv.org.
- Martín Egozcue & Jiang Wu & Ričardas Zitikis, 2017. "Optimal two-stage pricing strategies from the seller’s perspective under the uncertainty of buyer’s decisions," Journal of Statistical Distributions and Applications, Springer, vol. 4(1), pages 1-25, December.
- von Wangenheim, Jonas, 2019. "English versus Vickrey auctions with loss averse bidders," Discussion Papers 2019/1, Free University Berlin, School of Business & Economics.
- Elena Vigan? & Gervasio Antonelli & Gian Italo Bischi & Fabio Tramontana, 2015. "Consumo e consumatori di prodotti alimentari nella societ? postmoderna," Economia agro-alimentare, FrancoAngeli Editore, vol. 17(1), pages 59-80.
- Eliaz, Kfir & Spiegler, Ran, 2015.
"X-games,"
Games and Economic Behavior, Elsevier, vol. 89(C), pages 93-100.
- Eliaz, Kfir & Spiegler, Ran, 2013. "X-Games," Foerder Institute for Economic Research Working Papers 275795, Tel-Aviv University > Foerder Institute for Economic Research.
- Spiegler, Ran & Eliaz, Kfir, 2014. "X-Games," CEPR Discussion Papers 9814, C.E.P.R. Discussion Papers.
- Sugden, Robert & Wang, Mengjie & Zizzo, Daniel John, 2019.
"Take it or leave it: Experimental evidence on the effect of time-limited offers on consumer behaviour,"
Journal of Economic Behavior & Organization, Elsevier, vol. 168(C), pages 1-23.
- Robert Sugden & Mengjie Wang & Daniel John Zizzo, 2015. "Take it or leave it: Experimental evidence on the effect of time-limited offers on consumer behaviour," Working Paper series, University of East Anglia, Centre for Behavioural and Experimental Social Science (CBESS) 15-19, School of Economics, University of East Anglia, Norwich, UK..
- Ran Spiegler, 2012.
"Monopoly pricing when consumers are antagonized by unexpected price increases: a “cover version” of the Heidhues–Kőszegi–Rabin model,"
Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 51(3), pages 695-711, November.
- Spiegler, Ran, 2010. "Monopoly Pricing when Consumers are Antagonized by Unexpected Price Increases: A "Cover Version" of the Heidhues-Koszegi-Rabin Model," MPRA Paper 21429, University Library of Munich, Germany.
- Macera, Rosario, 2018. "Intertemporal incentives under loss aversion," Journal of Economic Theory, Elsevier, vol. 178(C), pages 551-594.
- Fischer, Greg & Karlan, Dean & McConnell, Margaret & Raffler, Pia, 2019.
"Short-term subsidies and seller type: A health products experiment in Uganda,"
Journal of Development Economics, Elsevier, vol. 137(C), pages 110-124.
- Fischer, Greg & Karlan, Dean & McConnell, Margaret & Raffler, Pia, 2019. "Short-term subsidies and seller type: a health products experiment in Uganda," LSE Research Online Documents on Economics 91600, London School of Economics and Political Science, LSE Library.
- repec:hum:wpaper:sfb649dp2014-065 is not listed on IDEAS
- Kfir Eliaz & Ran Spiegler, 2015. "Beyond “Ellison’s Matrix”: New Directions in Behavioral Industrial Organization," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 47(3), pages 259-272, November.
- Dato, Simon & Grunewald, Andreas & Müller, Daniel & Strack, Philipp, 2017. "Expectation-based loss aversion and strategic interaction," Games and Economic Behavior, Elsevier, vol. 104(C), pages 681-705.
- Jian Cao & Yongjiang Guo & Zhongxin Hu, 2023. "The Effect of Loss Preference on Queueing with Information Disclosure Policy," Methodology and Computing in Applied Probability, Springer, vol. 25(3), pages 1-25, September.
- Deng, Yiting & Staelin, Richard & Wang, Wei & Boulding, William, 2018. "Consumer sophistication, word-of-mouth and “False” promotions," Journal of Economic Behavior & Organization, Elsevier, vol. 152(C), pages 98-123.
- Leontiou, Anastasia & Ziros, Nicholas, 2024. "“Tacit bundling” among rivals: Limited-availability bargains for loss-averse consumers," European Economic Review, Elsevier, vol. 165(C).
- Ahrens, Steffen & Pirschel, Inske & Snower, Dennis J., 2017.
"A theory of price adjustment under loss aversion,"
Journal of Economic Behavior & Organization, Elsevier, vol. 134(C), pages 78-95.
- Pirschel, Inske & Ahrens, Steffen & Snower, Dennis, 2013. "A Theory of Price Adjustment under Loss Aversion," VfS Annual Conference 2013 (Duesseldorf): Competition Policy and Regulation in a Global Economic Order 79793, Verein für Socialpolitik / German Economic Association.
- Ahrens, Steffen & Pirschel, Inske & Snower, Dennis J., 2017. "A Theory of Price Adjustment under Loss Aversion," Open Access Publications from Kiel Institute for the World Economy 261841, Kiel Institute for the World Economy (IfW Kiel).
- Ahrens, Steffen & Pirschel, Inske & Snower, Dennis J., 2014. "A theory of price adjustment under loss aversion," SFB 649 Discussion Papers 2014-065, Humboldt University Berlin, Collaborative Research Center 649: Economic Risk.
- Ahrens, Steffen & Pirschel, Inske & Snower, Dennis J., 2014. "A Theory of Price Adjustment under Loss Aversion," IZA Discussion Papers 8138, Institute of Labor Economics (IZA).
- Ahrens, Steffen & Pirschel, Inske & Snower, Dennis J., 2014. "A theory of price adjustment under loss aversion," Kiel Working Papers 1915, Kiel Institute for the World Economy (IfW Kiel).
- Snower, Dennis & Ahrens, Steffen & Pirschel, Inske, 2014. "A Theory of Price Adjustment under Loss Aversion," CEPR Discussion Papers 9964, C.E.P.R. Discussion Papers.
- Ahrens, Steffen & Pirschel, Inske & Snower, Dennis J., 2014. "A theory of price adjustment under loss aversion," Economics Working Papers 2014-05, Christian-Albrechts-University of Kiel, Department of Economics.
- Steffen Ahrens & Inske Pirschel & Dennis Snower, 2014. "A Theory of Price Adjustment under Loss Aversion," CESifo Working Paper Series 4789, CESifo.
- Opher Baron & Ming Hu & Sami Najafi-Asadolahi & Qu Qian, 2015. "Newsvendor Selling to Loss-Averse Consumers with Stochastic Reference Points," Manufacturing & Service Operations Management, INFORMS, vol. 17(4), pages 456-469, October.
- Benjamin Keefer, 2016. "A Work vs. Perk Model of Leadership and Organizational Culture," Working Papers 2016-02, Carleton College, Department of Economics.
- Pesendorfer, Martin & Gentry, Matthew, 2018. "Price Reference Effects in Consumer Demand," CEPR Discussion Papers 13382, C.E.P.R. Discussion Papers.
- Fabrizi, Simona & Lippert, Steffen & Puppe, Clemens & Rosenkranz, Stephanie, 2016. "Manufacturer suggested retail prices, loss aversion and competition," Journal of Economic Psychology, Elsevier, vol. 53(C), pages 141-153.
- Fu, Qiang & Lyu, Youji & Wu, Zenan & Zhang, Yuanjie, 2022. "Expectations-based loss aversion in contests," Games and Economic Behavior, Elsevier, vol. 133(C), pages 1-27.
- Leontiou, Anastasia & Manalis, Georgios & Xefteris, Dimitrios, 2023. "Bandwagons in costly elections: The role of loss aversion," Journal of Economic Behavior & Organization, Elsevier, vol. 209(C), pages 471-490.
- Paha, Johannes, 2019. "Anchoring, Reference Prices, and List Price Collusion," VfS Annual Conference 2019 (Leipzig): 30 Years after the Fall of the Berlin Wall - Democracy and Market Economy 203625, Verein für Socialpolitik / German Economic Association.
- Xingyi Liu, 2018. "Disclosing information to a loss-averse audience," Economic Theory Bulletin, Springer;Society for the Advancement of Economic Theory (SAET), vol. 6(1), pages 63-79, April.
- Pagel, Michaela, 2019. "Prospective gain-loss utility: Ordered versus separated comparison," Journal of Economic Behavior & Organization, Elsevier, vol. 168(C), pages 62-75.
- Haan, Marco A. & Heijnen, Pim & Obradovits, Martin, 2023.
"Competition with list prices,"
Games and Economic Behavior, Elsevier, vol. 140(C), pages 502-528.
- Marco Haan & Pim Heijnen & Martin Obradovits, 2021. "Competition with List Prices," Working Papers 2021-08, Faculty of Economics and Statistics, Universität Innsbruck.
- Aldo Pignataro, 2019. "The effects of loss aversion on deceptive advertising policies," Theory and Decision, Springer, vol. 87(4), pages 451-472, November.
- Freeman, David J., 2017. "Preferred personal equilibrium and simple choices," Journal of Economic Behavior & Organization, Elsevier, vol. 143(C), pages 165-172.
- Gentry, Matthew & Pesendorfer, Martin, 2021. "Pricing with bargain hunting consumers," LSE Research Online Documents on Economics 111591, London School of Economics and Political Science, LSE Library.
- Senran Lin, 2021. "Buy It Now or Later, or Not: Loss Aversion in Advance Purchasing," Papers 2110.14929, arXiv.org, revised May 2024.
- Soetevent, Adriaan R. & Bruzikas, Tadas, 2016.
"Risk and Loss Aversion, Price Uncertainty and the Implications for Consumer Search,"
Research Report
16015-EEF, University of Groningen, Research Institute SOM (Systems, Organisations and Management).
- Adriaan R. Soetevent & Tadas Bruzikas, 2016. "Risk and Loss Aversion, Price Uncertainty and the Implications for Consumer Search," Tinbergen Institute Discussion Papers 16-049/VII, Tinbergen Institute.
- Colombo, Luca & Labrecciosa, Paola, 2021. "Dynamic oligopoly pricing with reference-price effects," European Journal of Operational Research, Elsevier, vol. 288(3), pages 1006-1016.
- Pagel, Michaela, 2013. "Expectations-Based Reference-Dependent Life-Cycle Consumption," MPRA Paper 47138, University Library of Munich, Germany.
- Pascal Courty & Javad Nasiry, 2018. "Loss aversion and the uniform pricing puzzle for media and entertainment products," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 66(1), pages 105-140, July.
- Nicolas de Roos & Vladimir Smirnov, 2020.
"Collusion with intertemporal price dispersion,"
RAND Journal of Economics, RAND Corporation, vol. 51(1), pages 158-188, March.
- de Roos, Nicholas & Smirnov, Vladimir, 2019. "Collusion with intertemporal price dispersion," Working Papers 2019-01, University of Sydney, School of Economics.
- Wang, Ruopeng & Wang, Jinting, 2018. "Procurement strategies with quantity-oriented reference point and loss aversion," Omega, Elsevier, vol. 80(C), pages 1-11.
- Karle, Heiko & Peitz, Martin, 2017.
"De-targeting: Advertising an assortment of products to loss-averse consumers,"
European Economic Review, Elsevier, vol. 95(C), pages 103-124.
- Karle, Heiko & Peitz, Martin, 2016. "De-targeting: advertising an assortment of products to loss-averse consumers," Working Papers 16-03, University of Mannheim, Department of Economics.
- Pagel, Michaela, 2012. "Expectations-Based Reference-Dependent Preferences and Asset Pricing," MPRA Paper 47933, University Library of Munich, Germany.
- Meisner, Vincent & von Wangenheim, Jonas, 2019.
"School Choice and Loss Aversion,"
Rationality and Competition Discussion Paper Series
208, CRC TRR 190 Rationality and Competition.
- Vincent Meisner & Jonas von Wangenheim, 2021. "School Choice and Loss Aversion," CESifo Working Paper Series 9479, CESifo.
- Vincent Meisner & Jonas von Wangenheim, 2021. "School Choice and Loss Aversion," CRC TR 224 Discussion Paper Series crctr224_2021_312, University of Bonn and University of Mannheim, Germany.
- Zhang, Mu & Zheng, Jie, 2017. "A robust reference-dependent model for speculative bubbles," Journal of Economic Behavior & Organization, Elsevier, vol. 137(C), pages 232-258.
- Xavier Gabaix, 2014.
"A Sparsity-Based Model of Bounded Rationality,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 129(4), pages 1661-1710.
- Xavier Gabaix, 2011. "A Sparsity-Based Model of Bounded Rationality," NBER Working Papers 16911, National Bureau of Economic Research, Inc.
- Glimcher, Paul & Tymula, Agnieszka & Woelbert, Eva, 2013. "Flexible valuations for consumer goods as measured by the Becker-DeGroot-Marschak mechanism," Working Papers 2013-20, University of Sydney, School of Economics.
- Gentry, Matthew & Pesendorfer, Martin, 2021. "Pricing with bargain hunting consumers," Games and Economic Behavior, Elsevier, vol. 129(C), pages 549-569.
- Gervasio Antonelli & Gian Italo Bischi & Fabio Tramontana & Elena Vigan?, 2014. "Beyond a neoclassical consumer analysis in food choices," Working Papers 1410, University of Urbino Carlo Bo, Department of Economics, Society & Politics - Scientific Committee - L. Stefanini & G. Travaglini, revised 2014.
- Tramontana, Fabio, 2021. "When a boundedly rational monopolist meets consumers with reference dependent preferences," Journal of Economic Behavior & Organization, Elsevier, vol. 184(C), pages 30-45.
- Willem H. Boshoff & Johannes Paha, 2021. "List Price Collusion," Journal of Industry, Competition and Trade, Springer, vol. 21(3), pages 393-409, September.
- Carlo Russo & Rachael Goodhue, 2018. "Farmgate prices, retail prices, and supermarkets' pricing decisions: An integrated approach," Agribusiness, John Wiley & Sons, Ltd., vol. 34(1), pages 24-43, December.
- Rosato, Antonio, 2017. "Sequential negotiations with loss-averse buyers," European Economic Review, Elsevier, vol. 91(C), pages 290-304.
- Meisner, Vincent & von Wangenheim, Jonas, 2023. "Loss aversion in strategy-proof school-choice mechanisms," Journal of Economic Theory, Elsevier, vol. 207(C).
- Gesche, Tobias, 2018. "Reference Price Shifts and Customer Antagonism: Evidence from Reviews for Online Auctions," VfS Annual Conference 2018 (Freiburg, Breisgau): Digital Economy 181650, Verein für Socialpolitik / German Economic Association.
- Wenhui Zhou & Dongmei Wang & Weixiang Huang & Pengfei Guo, 2021. "To Pool or Not to Pool? The Effect of Loss Aversion on Queue Configurations," Production and Operations Management, Production and Operations Management Society, vol. 30(11), pages 4258-4272, November.
- Fels, Markus, 2015. "On the value of information: Why people reject medical tests," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 56(C), pages 1-12.
- Arnoud V. den Boer & N. Bora Keskin, 2022. "Dynamic Pricing with Demand Learning and Reference Effects," Management Science, INFORMS, vol. 68(10), pages 7112-7130, October.
- Ahmad Naimzada & Nicolò Pecora & Fabio Tramontana, 2019. "A cobweb model with elements from prospect theory," Journal of Evolutionary Economics, Springer, vol. 29(2), pages 763-778, April.
- von Wangenheim, Jonas, 2021. "English versus Vickrey auctions with loss-averse bidders," Journal of Economic Theory, Elsevier, vol. 197(C).
- Benjamin Balzer & Antonio Rosato, 2021. "Expectations-Based Loss Aversion in Auctions with Interdependent Values: Extensive vs. Intensive Risk," Management Science, INFORMS, vol. 67(2), pages 1056-1074, February.
- Balzer, Benjamin & Rosato, Antonio & von Wangenheim, Jonas, 2022.
"Dutch vs. first-price auctions with expectations-based loss-averse bidders,"
Journal of Economic Theory, Elsevier, vol. 205(C).
- Benjamin Balzer & Antonio Rosato & Jonas von Wangenheim, 2021. "Dutch vs. First-Price Auctions With Expectations-Based Loss-Averse Bidders," CRC TR 224 Discussion Paper Series crctr224_2021_314, University of Bonn and University of Mannheim, Germany.
- Courty, Pascal & Nasiry, Javad, 2015. "Loss Aversion and the Uniform Pricing Puzzle for Vertically Differentiated Products," CEPR Discussion Papers 10523, C.E.P.R. Discussion Papers.
- Rutledge, Robert & Alladi, Vinayak & Cheung, Stephen L., 2022. "Price Expectations and Reference-Dependent Preferences," IZA Discussion Papers 15375, Institute of Labor Economics (IZA).
- Pavlo Illiashenko, 2017. "Behavioral Finance: History and Foundations," Visnyk of the National Bank of Ukraine, National Bank of Ukraine, issue 239, pages 28-54.
- Schäfers, Sebastian, 2022. "Product Lotteries and Loss Aversion," Working papers 2022/06, Faculty of Business and Economics - University of Basel.
- Christina Aperjis & Filippo Balestrieri, 2017. "Loss aversion leading to advantageous selection," Journal of Risk and Uncertainty, Springer, vol. 55(2), pages 203-227, December.
- von Wangenheim, Jonas, 2017. "English versus Vickrey Auctions with Loss Averse Bidders," Rationality and Competition Discussion Paper Series 48, CRC TRR 190 Rationality and Competition.
- Dillenberger, David & Raymond, Collin, 2019. "On the consensus effect," Journal of Economic Theory, Elsevier, vol. 183(C), pages 384-416.