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The “Euro Illusion”: Illusion or Fact?

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  • Amelie Gamble

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    File URL: http://hdl.handle.net/10.1007/s10603-007-9044-3
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    Bibliographic Info

    Article provided by Springer in its journal Journal of Consumer Policy.

    Volume (Year): 30 (2007)
    Issue (Month): 4 (December)
    Pages: 323-336

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    Handle: RePEc:kap:jcopol:v:30:y:2007:i:4:p:323-336

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    Web page: http://www.springerlink.com/link.asp?id=100283

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    Keywords: Nominal representation; Subjective value; Euro illusion; Money illusion; Accuracy-effort tradeoff; Conversion strategy; Price evaluation;

    References

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    1. Fabio Missier & Nicolao Bonini & Rob Ranyard, 2007. "The Euro Illusion in Consumers’ Price Estimation: An Italian–Irish Comparison in the Third Year of the Euro," Journal of Consumer Policy, Springer, vol. 30(4), pages 337-354, December.
    2. Patrick Lemaire, 2007. "The Impact of the Euro Changeover on Between-Currency Conversions," Journal of Consumer Policy, Springer, vol. 30(4), pages 383-391, December.
    3. Edmund Cannon & Giam Pietro Cipriani, 2003. "Euro-illusion: a natural experiment," Bristol Economics Discussion Papers 03/556, Department of Economics, University of Bristol, UK.
    4. Shafir, Eldar & Diamond, Peter & Tversky, Amos, 1997. "Money Illusion," The Quarterly Journal of Economics, MIT Press, vol. 112(2), pages 341-74, May.
    5. Raghubir, Priya & Srivastava, Joydeep, 2002. " Effect of Face Value on Product Valuation in Foreign Currencies," Journal of Consumer Research, University of Chicago Press, vol. 29(3), pages 335-47, December.
    6. Kahneman, Daniel & Tversky, Amos, 1979. "Prospect Theory: An Analysis of Decision under Risk," Econometrica, Econometric Society, vol. 47(2), pages 263-91, March.
    7. Svedsater, Henrik & Gamble, Amelie & Garling, Tommy, 2007. "Money illusion in intuitive financial judgments: Influences of nominal representation of share prices," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 36(5), pages 698-712, October.
    8. Mussweiler, Thomas & Strack, Fritz, 2004. "The Euro in the common European market: A single currency increases the comparability of prices," Journal of Economic Psychology, Elsevier, vol. 25(5), pages 557-563, October.
    9. J. Marques, 2007. "The Euro Changeover and Numerical Intuition for Prices in the Old and New Currencies," Journal of Consumer Policy, Springer, vol. 30(4), pages 393-403, December.
    10. Mussweiler, Thomas & Englich, Birte, 2003. "Adapting to the Euro: Evidence from bias reduction," Journal of Economic Psychology, Elsevier, vol. 24(3), pages 285-292, June.
    11. Fabrizio Adriani & Giancarlo Marini & Pasquale Scaramozzino, 2009. "The Inflationary Consequences of a Currency Changeover on the Catering Sector: Evidence from the Michelin Red Guide," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 71(1), pages 111-133, 02.
    12. Desmet, Pierre, 2002. "A study of the Potential Effects of the Conversion to Euro," Economics Papers from University Paris Dauphine 123456789/3583, Paris Dauphine University.
    13. Krzysztof Przybyszewski & Tadeusz Tyszka, 2007. "Emotional Factors in Currency Perception," Journal of Consumer Policy, Springer, vol. 30(4), pages 355-365, December.
    14. Bettman, James R & Luce, Mary Frances & Payne, John W, 1998. " Constructive Consumer Choice Processes," Journal of Consumer Research, University of Chicago Press, vol. 25(3), pages 187-217, December.
    15. Eva Hofmann & Erich Kirchler & Bernadette Kamleitner, 2007. "Consumer Adaptation Strategies: From Austrian Shilling to the Euro," Journal of Consumer Policy, Springer, vol. 30(4), pages 367-381, December.
    16. Ehrmann, Michael, 2006. "Rational inattention, inflation developments and perceptions after the euro cash changeover," Working Paper Series 0588, European Central Bank.
    17. Tyszka, Tadeusz & Przybyszewski, Krzysztof, 2006. "Cognitive and emotional factors affecting currency perception," Journal of Economic Psychology, Elsevier, vol. 27(4), pages 518-530, August.
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    Cited by:
    1. Rob Ranyard, 2007. "Euro Stories: The Irish Experience of Currency Change," Journal of Consumer Policy, Springer, vol. 30(4), pages 313-322, December.
    2. Fabio Missier & Nicolao Bonini & Rob Ranyard, 2007. "The Euro Illusion in Consumers’ Price Estimation: An Italian–Irish Comparison in the Third Year of the Euro," Journal of Consumer Policy, Springer, vol. 30(4), pages 337-354, December.

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