In this paper we study whether consumers optimally choose between formal and informal credit, using a unique panel … dataset with all registered information available on consumers' behavior within the Swedish alternative and mainstream credit … markets. Specifically, we analyze to what extent credit applications and existing credit lines at any mainstream financial …

such mistakes are in practice. The bank offered consumers a choice between two credit card contracts, one with an annual …

We show that consumers spend 15% more per day on their credit cards in the ten days following the receipt of a credit … accounting, optimization of the free float, and liquidity constraints. We show the spending response to the credit card statement … float or liquidity constraint explanations. Placebo tests show spending does not respond to credit card payment dates or …

choice in the context of research on credit card borrowing, housing and mortgage debts, investment and savings decisions, and …