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Cash is the preferred method of payment for small value transactions generally less than $25. We provide insight to … this finding with a new theoretical model that characterizes and compares consumers' costs of paying with cash to paying … significant number of cash users who switch to paying with debit or credit cards at transaction values marginally above $5 and $10 …
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We propose a parsimonious model with adverse selection where delinquency, renegotiation, and bankruptcy all occur in equilibrium as a result of a simple screening mechanism. A borrower has private information about her cost of bankruptcy, and a lender may use random contracts to screen different...
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plan to deter strategic defaults by increasing the household's equity. RH Reward is a contingent cash reward, paid to the …
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At the request of the Minister for Climate and Energy, Paul Magnette, who is also responsible for Consumer Affairs, the NBB's Microeconomic Analysis Service conducted an investigation into the link between payment arrears for mobile telephony and arrears on loan repayments. In this inquiry,...
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