Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/307976 
Year of Publication: 
2025
Citation: 
[Journal:] Economics Bulletin [ISSN:] 1545-2921 [Volume:] Forthcoming [Publisher:] AccessEcon LLC [Place:] s.l. [Year:] 2025
Publisher: 
AccessEcon LLC, s.l.
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’ fairness 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 fairer 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: 
Dual Entitlement
Fairness Perceptions
Consumer Antagonism
COVID-19
Pandemic
Price Level
Price Adjustment
Price Increase
Price Hike
Price Rigidity
Price Stickiness
Rigid Prices
Sticky Prices
Consumer Behavior
JEL: 
E70
E31
D90
M31
Additional Information: 
The file contains the paper and the appendix
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Article
Document Version: 
Accepted Manuscript (Postprint)
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