In theory, discretionary pricing improves the company's performance by allowing managers to incorporate local information into their pricing decisions. However, in practice, managers are vulnerable to behavioral biases that can lead to inaccurate estimation of the customer's willingness to pay...

Using monthly data from January 1998 to May 2021, this study investigates the asymmetric impact of global economic policy uncertainty on international grain prices by using nonlinear autoregressive distribution lag (NARDL). We find that there is a positive relationship between global economic...