Ponce, Alejandro; Seira, Enrique; Zamarripa, Guillermo - Centro de Investigación Económica (CIE), Departamento … - 2014
We study how consumers allocate debt across credit cards they already hold using new data on credit card activity for a representative sample of consumers with two homogeneous cards in Mexico. We find that relative prices are a very weak predictor of the allocation of debt, purchases, and...
