RDP 2018-11: Consumer Credit Card Choice: Costs, Benefits and Behavioural Biases References
October 2018
- Download the Paper 1.7MB
Arango C, KP Huynh and L Sabetti (2015), ‘Consumer Payment Choice: Merchant Card Acceptance versus Pricing Incentives’, Journal of Banking & Finance, 55, pp 130–141.
ASIC (Australian Securities and Investments Commission) (2015), ‘Senate Standing Committee on Economics Inquiry into Matters Relating to Credit Card Interest Rates: Submission by the Australian Securities and Investments Commission’, Submission to the Senate Economics References Committee Inquiry into Matters Relating to Credit Card Interest Rates, August.
ASIC (2018), ‘Credit Card Lending in Australia’, Report 580, July.
Australian Treasury (issuing body) (2016), Credit Cards: Improving Consumer Outcomes and Enhancing Competition, Consultation Paper, May, Australian Treasury, Parkes.
Ausubel LM (1991), ‘The Failure of Competition in the Credit Card Market’, The American Economic Review, 81(1), pp 50–81.
Brainard L (2017), ‘Where Do Consumers Fit in the Fintech Stack?’, Keynote Address given at ‘FinTech Risks and Opportunities: An Interdisciplinary Approach’, Third Annual Financial Stability Conference Co-hosted by the Office of Financial Research and the University of Michigan's Center on Finance, Law, and Policy, Ann Arbor, 16–17 November.
Calem PS and LJ Mester (1995), ‘Consumer Behavior and the Stickiness of Credit-Card Interest Rates’, The American Economic Review, 85(5), pp 1327–1336.
Carbó-Valverde S and JM Liñares-Zegarra (2011), ‘How Effective are Rewards Programs in Promoting Payment Card Usage? Empirical Evidence’, Journal of Banking & Finance, 35(12), pp 3275–3291.
Chatterjee P and RL Rose (2012), ‘Do Payment Mechanisms Change the Way Consumers Perceive Products?’, Journal of Consumer Research, 38(6), pp 1129–1139.
Ching AT and F Hayashi (2010), ‘Payment Card Rewards Programs and Consumer Payment Choice’, Journal of Banking & Finance, 34(8), pp 1773–1787.
Doyle M-A, C Fisher, E Tellez and A Yadav (2017), ‘How Australians Pay: Evidence from the 2016 Consumer Payments Survey’, RBA Research Discussion Paper No 2017-04.
Fitzpatrick R and G White (2017), ‘Banking Fees in Australia’, RBA Bulletin, June, pp 35–39.
Fraser BW (2011), Banking Services: Cost-Effective Switching Arrangements, Australian Treasury, Parkes.
Friesen L and PE Earl (2015), ‘Multipart Tariffs and Bounded Rationality: An Experimental Analysis of Mobile Phone Plan Choices’, Journal of Economic Behavior & Organization, 116, pp 239–253.
Kahneman D, JL Knetsch and RH Thaler (1991), ‘Anomalies: The Endowment Effect, Loss Aversion, and Status Quo Bias’, Journal of Economic Perspectives, 5(1), pp 193–206.
Kell P (2016), ‘ASIC and Behavioural Economics: Regulating for Real People’, Address given at The Impacts of Behavioural Economics on Financial Markets and Regulations Symposium, Hosted by the Queensland Behavioural Economics (QuBE) Group, Brisbane, 18 October.
Kelly N, T Harpel, A Fontes, C Walters and J Murphy (2017), ‘An Examination of Social Desirability Bias in Measures of College Students' Financial Behavior’, College Student Journal, 51(1), pp 115–128.
Lam T and C Ossolinski (2015), ‘The Value of Payment Instruments: Estimating Willingness to Pay and Consumer Surplus’, RBA Research Discussion Paper No 2015-03.
Mani A, S Mullainathan, E Shafir and J Zhao (2013), ‘Poverty Impedes Cognitive Function’, Science, 341(6149), pp 976–980.
Mullainathan S and E Shafir (2013), Scarcity: Why Having Too Little Means So Much, Times Books, Henry Holt & Company LLC, New York.
Samuelson W and R Zeckhauser (1988), ‘Status Quo Bias in Decision Making’, Journal of Risk and Uncertainty, 1(1), pp 7–59.
Shui H and LM Ausubel (2005), ‘Time Inconsistency in the Credit Card Market’, Unpublished manuscript, University of Maryland, January. Available at <http://www.ausubel.com/creditcard-papers/time-inconsistency-credit-card-market.pdf>.
Simon HA (1978), ‘Rationality as Process and as Product of Thought’, The American Economic Review, 68(2), pp 1–16.
Simon J, K Smith and T West (2010), ‘Price Incentives and Consumer Payment Behaviour’, Journal of Banking & Finance, 34(8), pp 1759–1772.
Thomas M, KK Desai and S Seenivasan (2011), ‘How Credit Card Payments Increase Unhealthy Food Purchases: Visceral Regulation of Vices’, Journal of Consumer Research, 38(1), pp 126–139.
Yang S, L Markoczy and M Qi (2007), ‘Unrealistic Optimism in Consumer Credit Card Adoption’, Journal of Economic Psychology, 28(2), pp 170–185.