"The Economic Implications of Price Rounding" by Steven Meester

Article Title

The Economic Implications of Price Rounding

Authors

Steven Meester, University of Northern Iowa

Document Type

Article

Abstract

There has recently been a call to eliminate the penny. Arguments for and against the proposal are presented. The evidence suggests that there would be a net gain if the penny were eliminated and prices were rounded on cash transactions. Unfortunately, the decision to do so is in the hands of politicians who are more interested in narrow self-interest than in the common good.

Publication Date

Spring 2006

Journal Title

Major Themes in Economics

Volume

Issue

First Page

Last Page

Copyright

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.

Language

File Format

application/pdf

Recommended Citation

Meester, Steven (2006) "The Economic Implications of Price Rounding," Major Themes in Economics, 8, 1-9.
Available at: https://scholarworks.uni.edu/mtie/vol8/iss1/3