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Adverse selection, search costs and sticky credit card rates

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  • Ayadi, O. Felix

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  • Ayadi, O. Felix, 1997. "Adverse selection, search costs and sticky credit card rates," Financial Services Review, Elsevier, vol. 6(1), pages 53-67.
  • Handle: RePEc:eee:finser:v:6:y:1997:i:1:p:53-67
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    2. Lown, Cara & Peristiani, Stavros, 1996. "The behavior of consumer loan rates during the 1990 credit slowdown," Journal of Banking & Finance, Elsevier, vol. 20(10), pages 1673-1694, December.
    3. Calem, Paul S & Mester, Loretta J, 1995. "Consumer Behavior and the Stickiness of Credit-Card Interest Rates," American Economic Review, American Economic Association, vol. 85(5), pages 1327-1336, December.
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    7. Mitchell Berlin & Loretta J. Mester, 2004. "Credit card rates and consumer search," Review of Financial Economics, John Wiley & Sons, vol. 13(1-2), pages 179-198.
    8. Mester, Loretta J, 1994. "Why Are Credit Card Rates Sticky?," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 4(4), pages 505-530, May.
    9. Andrea Meyercord, 1994. "Recent trends in the profitability of credit card banks," Quarterly Review, Federal Reserve Bank of New York, vol. 19(Sum), pages 107-111.
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    11. Paul S. Calem & Loretta J. Mester, 1992. "Search, switching costs, and the stickiness of credit card interest rates," Working Papers 92-24, Federal Reserve Bank of Philadelphia.
    12. Brito, Dagobert L & Hartley, Peter R, 1995. "Consumer Rationality and Credit Cards," Journal of Political Economy, University of Chicago Press, vol. 103(2), pages 400-433, April.
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    14. Paul S. Calem, 1992. "The strange behavior of the credit card market," Business Review, Federal Reserve Bank of Philadelphia, issue Jan, pages 3-14.
    15. Ausubel, Lawrence M, 1991. "The Failure of Competition in the Credit Card Market," American Economic Review, American Economic Association, vol. 81(1), pages 50-81, March.
    16. Engle, Robert F. & Yoo, Byung Sam, 1987. "Forecasting and testing in co-integrated systems," Journal of Econometrics, Elsevier, vol. 35(1), pages 143-159, May.
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    18. Joanna Stavins, 1996. "Can demand elasticities explain sticky credit card rates?," New England Economic Review, Federal Reserve Bank of Boston, issue Jul, pages 43-54.
    19. Best, Ronald & Zhang, Hang, 1993. "Alternative Information," Journal of Finance, American Finance Association, vol. 48(4), pages 1507-1522, September.
    20. Durr, Robert H., 1993. "What Moves Policy Sentiment?," American Political Science Review, Cambridge University Press, vol. 87(1), pages 158-170, March.
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    Cited by:

    1. Timothy Crack & Helen Roberts, 2015. "Credit card balances and repayment under competing minimum payment regimes," Review of Quantitative Finance and Accounting, Springer, vol. 45(4), pages 785-801, November.
    2. Ahmet Faruk Aysan & A. Muslim, 2006. "The Failure of Competition in the Credit Card Market in Turkey: The New Empirical Evidence," Working Papers 2006/09, Bogazici University, Department of Economics.
    3. Ahmet Faruk Aysan & L. Yildiz, 2006. "The Regulation of the Credit Card Market in Turkey," Working Papers 2006/21, Bogazici University, Department of Economics.

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