A number of studies have pointed to various mistakes that consumers might make in their consumption-saving and … such mistakes are in practice. The bank offered consumers a choice between two credit card contracts, one with an annual … costs net of the fee, consumers expecting to borrow a sufficiently large amount should choose the contract with the fee, and …

timing of the rebate disbursement. We find that, on average, consumers initially saved some of the rebate, by increasing … canonical Permanent-Income model. Spending rose most for consumers who were initially most likely to be liquidity constrained …, whereas debt declined most (so saving rose most) for unconstrained consumers. More generally, the results suggest that there …

survey data on payment behaviour of German consumers, we shed light on how individuals choose payment instruments and why …. Consumers decide upon the adoption of payment cards and then use available payment media according to their transaction and …' characteristics. Whereas older consumers use significantly more cash, the comparison with younger consumers shows that the difference …

consumers to test this model while accounting for the endogeneity of acceptance. Our results confirm that card acceptance exerts …

survey data on payment behaviour of German consumers, we shed light on how individuals choose payment instruments and why …. Consumers decide upon the adoption of payment cards and then use available payment media according to their transaction and …’ characteristics. Whereas older consumers use significantly more cash, the comparison with younger consumers shows that the difference …

. Moreover, the effects only last for one day, with consumers immediately reverting back to their regular payment behaviour. This … corresponds to earlier results found in other research fields and suggests that consumers’ confidence in the debit card is … relatively sturdy and not easily affected. Moreover, it might be an indication of consumers having a short memory when it comes …