Using data from the United States and Canada, we quantify consumers’ net pecuniary cost of using cash, credit cards … received from credit or debit card issuers, and the merchant cost of accepting payments that is passed on to consumers as …, merchants typically do not differentiate prices at checkout, but instead pass through their costs to all consumers. As a result …

The literature on market timing of long-term debt issuance yields mixed evidence that managers can successfully time … their debt-maturity issuance. The early results that are indicative of debt-maturity timing are not robust to accounting for … structural breaks or to other measures of debt maturity from firm-level data that account for call and put provisions in debt …