Credit card companies charge an interchange fee for each transaction, and almost half of this fee is returned to consumers in the form of a reward or perk program. Among credit card users who do not use cards for borrowing (convenience users), rewards are a means to negotiate the implicit price...

• This paper reviews both published and emerging research on different risks retirees face and possible solutions financial planners can use to help clients overcome behavioral hurdles.• Risk assessment questions that measure loss aversion, as well as reducing myopic behavior, can help keep...

This article provides an overview of theory and empirical evidence related to the benefits and costs resulting from the application of a fiduciary standard of care to the conduct of brokers, dealers (broker-dealers), and investment advisors. The purpose of this document is not to advocate a...

Consumers are more likely to keep a repayment promise they make themselves. When a scheduling conflict prevents a borrower from attending a mortgage closing, a Power of Attorney (POA) empowers a third party to promise that the borrower will repay the loan. On a matched sample of POA and non-POA...

Over the last year it has been unexceptional to watch the consumer coverage of problems related to the natural disasters created by the hurricanes. Outside of the Southern states, the national media and leaders of other consumer organizations spent a very large amount of time warning the...

We examine the impact on air travelers of an enforcement action issued by the U.S. Department of Transportation in January 2012 that required U.S. air carriers and online travel agents to incorporate all mandatory taxes and fees into their advertised fares. Exploiting cross-itinerary ticket tax...

This article addresses inequities in the apportionment of losses which arise when traditional consumer finance rules are applied to enforce consumer payment obligations which accrue during and after catastrophes. Disasters lead inevitably to job losses, to property destruction, and to inhibited...

Contract law treats consumer attention as if it were unlimited. We instead view consumer attention as a scarce resource that must be conserved. We argue that consumer contracts generate negative externalities by overwhelming consumers with information that depletes their attention and prevents...

Several theoretical and methodological perspectives have been used to understand the trans-formations occurred during the last 20 years in the Costa Rican State. This work aims to de-fine a coherent approach of such transformations in order to understand them and be able to offer possible...

Der Koalitionsvertrag, den CDU, CSU und SPD Ende November 2013 veröffentlich haben, enthält im Hinblick auf die wirtschaftliche und soziale Entwicklung viele konkrete und ehrgeizige Ziele: So sollen die Investitionsausgaben steigen, die Einkommenssituation ausgewählter Gruppen von Rentnern...