Consumer Demand for Credit Card Services
Author
Abstract
Suggested Citation
DOI: 10.1007/s10693-022-00381-4
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- William Adams & Liran Einav & Jonathan Levin, 2009.
"Liquidity Constraints and Imperfect Information in Subprime Lending,"
American Economic Review, American Economic Association, vol. 99(1), pages 49-84, March.
- William Adams & Liran Einav & Jonathan Levin, 2007. "Liquidity Constraints and Imperfect Information in Subprime Lending," NBER Working Papers 13067, National Bureau of Economic Research, Inc.
- Marc Rysman, 2007.
"An Empirical Analysis Of Payment Card Usage,"
Journal of Industrial Economics, Wiley Blackwell, vol. 55(1), pages 1-36, March.
- Marc Rysman, 2006. "An Empirical Analysis of Payment Card Usage," Boston University - Department of Economics - Working Papers Series WP2006-002, Boston University - Department of Economics.
- Smith, Richard J & Blundell, Richard W, 1986.
"An Exogeneity Test for a Simultaneous Equation Tobit Model with an Application to Labor Supply,"
Econometrica, Econometric Society, vol. 54(3), pages 679-685, May.
- Richard Smith & Richard Blundell, 1983. "An Exogeneity Test for the Simultaneous Equation Tobit Model With an Application to Labour Supply," Working Paper 546, Economics Department, Queen's University.
- Glenn Ellison, 2005.
"A Model of Add-On Pricing,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 120(2), pages 585-637.
- Glenn Ellison, 2003. "A Model of Add-on Pricing," NBER Working Papers 9721, National Bureau of Economic Research, Inc.
- Glenn Ellison, 2004. "A Model of Add-on Pricing," Economics Working Papers 0049, Institute for Advanced Study, School of Social Science.
- Calem, Paul S & Mester, Loretta J, 1995.
"Consumer Behavior and the Stickiness of Credit-Card Interest Rates,"
American Economic Review, American Economic Association, vol. 85(5), pages 1327-1336, December.
- Paul S. Calem & Loretta J. Mester, "undated". "Consumer Behavior and the Stickiness of CreditCard Interest Rates," Rodney L. White Center for Financial Research Working Papers 3-94, Wharton School Rodney L. White Center for Financial Research.
- Paul S. Calem & Loretta J. Mester, 1995. "Consumer behavior and the stickiness of credit card interest rates," Working Papers 95-10, Federal Reserve Bank of Philadelphia.
- Paul S. Calem & Loretta J. Mester, 1994. "Consumer Behavior and the Stickiness of Credit Card Interest Rates," Center for Financial Institutions Working Papers 94-14, Wharton School Center for Financial Institutions, University of Pennsylvania.
- Paul S. Calem & Loretta J. Mester, "undated". "Consumer Behavior and the Stickiness of CreditCard Interest Rates," Rodney L. White Center for Financial Research Working Papers 03-94, Wharton School Rodney L. White Center for Financial Research.
- Sergei Koulayev & Marc Rysman & Scott Schuh & Joanna Stavins, 2016.
"Explaining adoption and use of payment instruments by US consumers,"
RAND Journal of Economics, RAND Corporation, vol. 47(2), pages 293-325, May.
- Sergei Koulayev & Marc Rysman & Scott Schuh & Joanna Stavins, 2012. "Explaining adoption and use of payment instruments by U. S. consumers," Working Papers 12-14, Federal Reserve Bank of Boston.
- Sergei Koulayev & Marc Rysman & Scott Schuh & Joanna Stavins, 2015. "Explaining adoption and use of payment instruments by U.S. consumers," Boston University - Department of Economics - Working Papers Series wp2015-004, Boston University - Department of Economics.
- Sumit Agarwal & Souphala Chomsisengphet & Neale Mahoney & Johannes Stroebel, 2015.
"Regulating Consumer Financial Products: Evidence from Credit Cards,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 130(1), pages 111-164.
- Sumit Agarwal & Souphala Chomsisengphet & Neale Mahoney & Johannes Stroebel, 2013. "Regulating Consumer Financial Products: Evidence from Credit Cards," NBER Working Papers 19484, National Bureau of Economic Research, Inc.
- Johannes Stroebel, 2014. "Regulating Consumer Financial Products: Evidence from Credit Cards," 2014 Meeting Papers 126, Society for Economic Dynamics.
- Liran Einav & Mark Jenkins & Jonathan Levin, 2012. "Contract Pricing in Consumer Credit Markets," Econometrica, Econometric Society, vol. 80(4), pages 1387-1432, July.
- Xavier Gabaix & David Laibson, 2018.
"Shrouded attributes, consumer myopia and information suppression in competitive markets,"
Chapters, in: Victor J. Tremblay & Elizabeth Schroeder & Carol Horton Tremblay (ed.), Handbook of Behavioral Industrial Organization, chapter 3, pages 40-74,
Edward Elgar Publishing.
- Xavier Gabaix & David Laibson, 2006. "Shrouded Attributes, Consumer Myopia, and Information Suppression in Competitive Markets," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 121(2), pages 505-540.
- Xavier Gabaix & David Laibson, 2005. "Shrouded Attributes, Consumer Myopia, and Information Suppression in Competitive Markets," NBER Working Papers 11755, National Bureau of Economic Research, Inc.
- Laibson, David I. & Gabaix, Xavier, 2006. "Shrouded Attributes, Consumer Myopia, and Information Suppression in Competitive Markets," Scholarly Articles 4554333, Harvard University Department of Economics.
- Steven T. Berry, 1994. "Estimating Discrete-Choice Models of Product Differentiation," RAND Journal of Economics, The RAND Corporation, vol. 25(2), pages 242-262, Summer.
- Chesher, Andrew & Irish, Margaret, 1987. "Residual analysis in the grouped and censored normal linear model," Journal of Econometrics, Elsevier, vol. 34(1-2), pages 33-61.
- Keys, Benjamin J. & Wang, Jialan, 2019.
"Minimum payments and debt paydown in consumer credit cards,"
Journal of Financial Economics, Elsevier, vol. 131(3), pages 528-548.
- Benjamin J. Keys & Jialan Wang, 2016. "Minimum Payments and Debt Paydown in Consumer Credit Cards," NBER Working Papers 22742, National Bureau of Economic Research, Inc.
- Jinyong Hahn & Whitney Newey, 2004.
"Jackknife and Analytical Bias Reduction for Nonlinear Panel Models,"
Econometrica, Econometric Society, vol. 72(4), pages 1295-1319, July.
- Jinyong Hahn & Whitney K. Newey, 2003. "Jackknife and analytical bias reduction for nonlinear panel models," CeMMAP working papers CWP17/03, Centre for Microdata Methods and Practice, Institute for Fiscal Studies.
- Jinyong Hahn & Whitney K. Newey, 2003. "Jackknife and analytical bias reduction for nonlinear panel models," CeMMAP working papers 17/03, Institute for Fiscal Studies.
- Ausubel, Lawrence M, 1991. "The Failure of Competition in the Credit Card Market," American Economic Review, American Economic Association, vol. 81(1), pages 50-81, March.
- Laura Hospido, 2012.
"Estimating Nonlinear Models with Multiple Fixed Effects: A Computational Note,"
Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 74(5), pages 760-775, October.
- Laura Hospido, 2011. "Estimating non-linear models with multiple fixed effects:a computational note," Working Papers 1114, Banco de España.
- Scholnick, Barry & Massoud, Nadia & Saunders, Anthony, 2013. "The impact of wealth on financial mistakes: Evidence from credit card non-payment," Journal of Financial Stability, Elsevier, vol. 9(1), pages 26-37.
- Sumit Agarwal & Souphala Chomsisengphet & Chunlin Liu, 2010. "The Importance of Adverse Selection in the Credit Card Market: Evidence from Randomized Trials of Credit Card Solicitations," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 42(4), pages 743-754, June.
- Stefano DellaVigna & Ulrike Malmendier, 2004.
"Contract Design and Self-Control: Theory and Evidence,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 119(2), pages 353-402.
- Malmendier, Ulrike M. & Della Vigna, Stefano, 2003. "Contract Design and Self Control: Theory and Evidence," Research Papers 1801, Stanford University, Graduate School of Business.
- David B. Gross & Nicholas S. Souleles, 2002. "Do Liquidity Constraints and Interest Rates Matter for Consumer Behavior? Evidence from Credit Card Data," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 117(1), pages 149-185.
- Ricardo Serrano-Padial & Lukasz Drozd, 2014. "On Prepayment and Rollover Risk in the US Credit Card Market," 2014 Meeting Papers 215, Society for Economic Dynamics.
- Matthew Rabin, 2013. "An Approach to Incorporating Psychology into Economics," American Economic Review, American Economic Association, vol. 103(3), pages 617-622, May.
- Igor Livshits & James C. Mac Gee & Michèle Tertilt, 2016.
"The Democratization of Credit and the Rise in Consumer Bankruptcies,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 83(4), pages 1673-1710.
- Livshits, Igor & MacGee, James & Tertilt, Michèle, 2014. "The democratization of credit and the rise in consumer bankruptcies," Working Papers 14-07, University of Mannheim, Department of Economics.
- Mark Furletti, 2003. "Credit card pricing developments and their disclosure," Consumer Finance Institute discussion papers 03-02, Federal Reserve Bank of Philadelphia.
- Elif Incekara-Hafalir, 2015. "Credit Card Competition and Naive Hyperbolic Consumers," Journal of Financial Services Research, Springer;Western Finance Association, vol. 47(2), pages 153-175, April.
- Hong Ru & Antoinette Schoar, 2016. "Do Credit Card Companies Screen for Behavioral Biases?," NBER Working Papers 22360, National Bureau of Economic Research, Inc.
- Brito, Dagobert L & Hartley, Peter R, 1995. "Consumer Rationality and Credit Cards," Journal of Political Economy, University of Chicago Press, vol. 103(2), pages 400-433, April.
- Sumit Agarwal & John C Driscoll & Xavier Gabaix & David Laibson, 2008.
"Learning in the Credit Card Market,"
Levine's Working Paper Archive
122247000000002028, David K. Levine.
- Sumit Agarwal & John C. Driscoll & Xavier Gabaix & David Laibson, 2008. "Learning in the Credit Card Market," NBER Working Papers 13822, National Bureau of Economic Research, Inc.
- Berry, Steven & Levinsohn, James & Pakes, Ariel, 1995.
"Automobile Prices in Market Equilibrium,"
Econometrica, Econometric Society, vol. 63(4), pages 841-890, July.
- Steven Berry & James Levinsohn & Ariel Pakes, 1993. "Automobile Prices in Market Equilibrium: Part I and II," NBER Working Papers 4264, National Bureau of Economic Research, Inc.
- Sumit Agarwal & Souphala Chomsisengphet & Chunlin Liu, 2010. "The Importance of Adverse Selection in the Credit Card Market: Evidence from Randomized Trials of Credit Card Solicitations," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 42(4), pages 743-754, June.
- Olsen, Randall J, 1978. "Note on the Uniqueness of the Maximum Likelihood Estimator for the Tobit Model," Econometrica, Econometric Society, vol. 46(5), pages 1211-1215, September.
- Arango, Carlos & Huynh, Kim P. & Sabetti, Leonard, 2015. "Consumer payment choice: Merchant card acceptance versus pricing incentives," Journal of Banking & Finance, Elsevier, vol. 55(C), pages 130-141.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Bedre Defolie, Özlem & Alexandrov, Alexei & Grodzicki, Daniel, 2017. "Consumer Demand for Credit Card Services," CEPR Discussion Papers 12506, C.E.P.R. Discussion Papers.
- Suting Hong & Robert M. Hunt & Konstantinos Serfes, 2023.
"Dynamic Pricing of Credit Cards and the Effects of Regulation,"
Journal of Financial Services Research, Springer;Western Finance Association, vol. 64(1), pages 81-131, August.
- Suting Hong & Robert M. Hunt & Konstantinos Serfes, 2018. "Dynamic Pricing of Credit Cards and the Effects of Regulation," Working Papers 18-23, Federal Reserve Bank of Philadelphia.
- Suting Hong & Robert M. Hunt & Konstantinos Serfes, 2021. "Dynamic Pricing of Credit Cards and the Effects of Regulation," Working Papers 21-38, Federal Reserve Bank of Philadelphia.
- Yiwei Dou & Geng Li & Joshua Ronen, 2019. "Does Price Regulation Affect Competition? Evidence from Credit Card Solicitations," Finance and Economics Discussion Series 2019-018, Board of Governors of the Federal Reserve System (U.S.).
- Allen N. Berger & Christa H. S. Bouwman & Lars Norden & Raluca A. Roman & Gregory F. Udell & Teng Wang, 2021. "Piercing Through Opacity: Relationships and Credit Card Lending to Consumers and Small Businesses During Normal Times and the COVID-19 Crisis," Working Papers 21-19, Federal Reserve Bank of Philadelphia.
- Sumit Agarwal & Souphala Chomsisengphet & Neale Mahoney & Johannes Stroebel, 2018.
"Do Banks Pass through Credit Expansions to Consumers Who want to Borrow?,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 133(1), pages 129-190.
- Sumit Agarwal & Souphala Chomsisengphet & Neale Mahoney & Johannes Stroebel, 2015. "Do Banks Pass Through Credit Expansions to Consumers Who Want to Borrow?," NBER Working Papers 21567, National Bureau of Economic Research, Inc.
- Lunn, Pete & McGowan, Féidhlim & Howard, Noel, 2018. "Do some financial product features negatively affect consumer decisions? a review of evidence," Research Series, Economic and Social Research Institute (ESRI), number RS78, June.
- Hong Ru & Antoinette Schoar, 2020. "Do credit card companies screen for behavioural biases?," BIS Working Papers 842, Bank for International Settlements.
- Jonathan Zinman, 2004. "Why use debit instead of credit? Consumer choice in a trillion-dollar market," Staff Reports 191, Federal Reserve Bank of New York.
- Scholnick, Barry & Massoud, Nadia & Saunders, Anthony & Carbo-Valverde, Santiago & Rodríguez-Fernández, Francisco, 2008.
"The economics of credit cards, debit cards and ATMs: A survey and some new evidence,"
Journal of Banking & Finance, Elsevier, vol. 32(8), pages 1468-1483, August.
- Carbó Valverde Santiago & Massoud Nadia & Rodríguez-Fernández Francisco & Saunders Anthony & Scholnick Barry, 2007. "The Economics of Credit Cards, Debit Cards and ATMs: A Survey and Some New Evidence," Working Papers 201074, Fundacion BBVA / BBVA Foundation.
- Lukas, Moritz & Nöth, Markus, 2022. "Voluntary minimum repayments and borrower heterogeneity: Evidence from revolving consumer credit," Journal of Banking & Finance, Elsevier, vol. 135(C).
- Elliehausen, Gregory & Hannon, Simona M., 2018. "The Credit Card Act and consumer finance company lending," Journal of Financial Intermediation, Elsevier, vol. 34(C), pages 109-119.
- Jackson P. Lautier & Vladimir Pozdnyakov & Jun Yan, 2022. "On the Convergence of Credit Risk in Current Consumer Automobile Loans," Papers 2211.09176, arXiv.org, revised Jan 2024.
- Yu, Pei Cheng, 2020.
"Seemingly exploitative contracts,"
Journal of Economic Behavior & Organization, Elsevier, vol. 176(C), pages 299-320.
- Pei-Cheng Yu, 2018. "Seemingly Exploitative Contracts," Discussion Papers 2018-15, School of Economics, The University of New South Wales.
- Sumit Agarwal & John C Driscoll & Xavier Gabaix & David Laibson, 2007.
"The Age of Reason: Financial Decisions Over the Lifecycle,"
Levine's Bibliography
122247000000001752, UCLA Department of Economics.
- Sumit Agarwal & John C. Driscoll & Xavier Gabaix & David Laibson, 2007. "The Age of Reason: Financial Decisions Over the Lifecycle," NBER Working Papers 13191, National Bureau of Economic Research, Inc.
- Sumit Agarwal & John C. Driscoll & Xavier Gabaix & David I. Laibson, 2007. "The age of reason: financial decisions over the lifecycle," Working Paper Series WP-07-05, Federal Reserve Bank of Chicago.
- Xavier Gabaix & John C. Driscoll & David Laibson & Sumit Agarwal, 2008. "The Age of Reason: Financial Decisions Over the Lifecycle," 2008 Meeting Papers 322, Society for Economic Dynamics.
- DeFusco, Anthony A. & Tang, Huan & Yannelis, Constantine, 2022.
"Measuring the welfare cost of asymmetric information in consumer credit markets,"
Journal of Financial Economics, Elsevier, vol. 146(3), pages 821-840.
- Anthony A. DeFusco & Huan Tang & Constantine Yannelis, 2021. "Measuring the Welfare Cost of Asymmetric Information in Consumer Credit Markets," NBER Working Papers 29270, National Bureau of Economic Research, Inc.
- Ginger Zhe Jin & Michael Luca & Daniel Martin, 2022.
"Complex Disclosure,"
Management Science, INFORMS, vol. 68(5), pages 3236-3261, May.
- Ginger Zhe Jin & Michael Luca & Daniel J. Martin, 2018. "Complex Disclosure," NBER Working Papers 24675, National Bureau of Economic Research, Inc.
- Liu, Lu, 2019. "Non-salient fees in the mortgage market," Bank of England working papers 819, Bank of England.
- Massoud, Nadia & Saunders, Anthony & Scholnick, Barry, 2011. "The cost of being late? The case of credit card penalty fees," Journal of Financial Stability, Elsevier, vol. 7(2), pages 49-59, June.
- Agarwal, Sumit & Chomsisengphet, Souphala & Liu, Chunlin & Souleles, Nicholas S., 2005.
"Do consumers choose the right credit contracts?,"
CFS Working Paper Series
2005/32, Center for Financial Studies (CFS).
- Sumit Agarwal & Souphala Chomsisengphet & Chunlin Liu & Nicholas S. Souleles, 2006. "Do consumers choose the right credit contracts?," Working Paper Series WP-06-11, Federal Reserve Bank of Chicago.
- Johannes Johnen, 2020.
"Dynamic competition in deceptive markets,"
RAND Journal of Economics, RAND Corporation, vol. 51(2), pages 375-401, June.
- Johannes Johnen, "undated". "Dynamic Competition in Deceptive Markets," BDPEMS Working Papers 2015011, Berlin School of Economics.
- JOHNEN, Johannes, 2017. "Dynamic competition in deceptive markets," LIDAM Discussion Papers CORE 2017036, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Johnen, Johannes, 2020. "Dynamic Competition in Deceptive Markets," LIDAM Reprints CORE 3098, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
More about this item
Keywords
Financial decision making; Credit cards;JEL classification:
- D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
- D90 - Microeconomics - - Micro-Based Behavioral Economics - - - General
- G50 - Financial Economics - - Household Finance - - - General
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:kap:jfsres:v:63:y:2023:i:3:d:10.1007_s10693-022-00381-4. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.