Borrowing High versus Borrowing Higher: Price Dispersion and Shopping Behavior in the U.S. Credit Ca...
Borrowing High versus Borrowing Higher: Price Dispersion and Shopping Behavior in the U.S. Credit Card Market
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Publisher
Oxford: Oxford University Press
Journal title
Language
English
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Publisher
Oxford: Oxford University Press
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Scope and Contents
Contents
We document substantial cross-individual dispersion in U.S. credit card borrowing costs, even after controlling for borrower risk and card characteristics. That remaining dispersion arises because cross-lender pricing heterogeneity generates dispersion in annual percentage rate (APR) offers to borrowers, and borrowers vary in shopping intensity. Ou...
Alternative Titles
Full title
Borrowing High versus Borrowing Higher: Price Dispersion and Shopping Behavior in the U.S. Credit Card Market
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Author / Creator
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Record Identifier
TN_cdi_proquest_miscellaneous_1811845769
Permalink
https://devfeature-collection.sl.nsw.gov.au/record/TN_cdi_proquest_miscellaneous_1811845769
Other Identifiers
ISSN
0893-9454
E-ISSN
1465-7368
DOI
10.1093/rfs/hhv072
