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Higher income is associated with greater well-being, but do income gains and losses impact on well-being differently … falls in income have a larger impact on well-being than equivalent income gains. The effect is not explained by the … diminishing returns to well-being of income. Our findings show that loss aversion applies to experienced losses, counteracting …
Persistent link: https://www.econbiz.de/10010753811
We study the effect of government encouraged or mandated interchange fee ceilings on consumer and merchant adoption and usage of payment cards in an economy where card acceptance is far from complete. We believe that we are the first to use bank-level data to study the impact of interchange fee...
Persistent link: https://www.econbiz.de/10003969442
While the 2007-2010 financial crisis has hit a variety of countries asymmetrically, the case of Spain is particularly …
Persistent link: https://www.econbiz.de/10009006636
Persistent link: https://www.econbiz.de/10009678493