Suppose that consumers incur fixed shopping costs and choose stores according to advertised discounts. Then, the extent to which a store will discount advertised items should increase with the profit from other regularly-priced items. Bookstores customarily advertise discounts on bestsellers....

This paper reports a cross-sectional study of the use of cash in retail transactions among 36 countries between 2010-17. The retail use of cash in increased with concern for privacy and decreased with trust in banks. An increase in concern for privacy by one standard deviation (equivalent to an...