Reading the Fine Print: Information Disclosure in the Brazilian Credit Card Market
Published Online:16 Dec 2015https://doi.org/10.1287/mnsc.2015.2281
References
- (2015) Regulating consumer financial products: Evidence from credit cards. Quart. J. Econom. 130(1):111–164.Crossref, Google Scholar
- (2013) Subprime consumer credit demand: Evidence from a lender’s pricing experiment. Rev. Financial Stud. 26(9):2353–2374.Crossref, Google Scholar
- (2001) The hyperbolic consumption model: Calibration, simulation, and empirical evaluation. J. Econom. Perspect. 15(3):47–68.Crossref, Google Scholar
- (2008) Credit constraints in the market for consumer durables: Evidence from micro data on car loans. Internat. Econom. Rev. 49(2):401–436.Crossref, Google Scholar
- (2008) Behaviorally informed financial services regulation. White paper, New America Foundation, Washington, DC.Google Scholar
- (2014) More Than You Wanted to Know: The Failure of Mandated Disclosure (Princeton University Press, Princeton, NJ).Crossref, Google Scholar
- (2011) Information disclosure, cognitive biases, and payday borrowing. J. Finance 66(6):1865–1893.Crossref, Google Scholar
- (2010) What’s advertising content worth? Evidence from a consumer credit marketing field experiment. Quart. J. Econom. 125(1):263–305.Crossref, Google Scholar
- (2009) The importance of default options for retirement saving outcomes: Evidence from the United States. Social Security Policy in a Changing Environment (University of Chicago Press, Chicago), 167–195.Crossref, Google Scholar
- Central Bank of Brazil (2010) Relatório de Economia Bancária e Crédito. Report, Central Bank of Brazil, Brasília. https://www.bcb.gov.br/Pec/Depep/Spread/REBC2010.pdf.Google Scholar
- (2004) For better or for worse: Default effects and 401(k) savings behavior. Wise DA, ed. Perspectives in the Economics of Aging (University of Chicago Press, Chicago), 81–121.Crossref, Google Scholar
- (2004) Design choices in privatized social-security systems: Learning from the Swedish experience. Amer. Econom. Rev. 94(2):424–428.Crossref, Google Scholar
- (1974) Consumer research and the evaluation of information disclosure requirements: The case of truth in lending. J. Consumer Res. 1(1):21–32.Crossref, Google Scholar
- (2009) Psychology and economics: Evidence from the field. J. Econom. Literature 47(2):315–372.Crossref, Google Scholar
- (2002) Do liquidity constraints and interest rates matter for consumer behavior? Evidence from credit card data. Quart. J. Econom. 117(1):149–185.Crossref, Google Scholar
- (2008) Financial literacy, information, and demand elasticity: Survey and experimental evidence from Mexico. Working Paper 14538, National Bureau of Economic Research, Cambridge, MA.Crossref, Google Scholar
- (2009) Estimating the demand for credit card: A regression discontinuity approach. Available at SSRN: http://ssrn.com/abstract=1466449.Google Scholar
- (2004) How much choice is too much? Contributions to 401(k) retirement plans. Pension Design and Structure (Oxford University Press, Oxford, UK).Crossref, Google Scholar
- (1964) Consumer Sensitivity to Finance Rates: An Empirical and Analytical Investigation. (National Bureau of Economic Research, New York).Google Scholar
- (2008) Credit elasticities in less-developed economies: Implications for microfinance. Amer. Econom. Rev. 98(3):1040–1068.Crossref, Google Scholar
- (2013) Long-run price elasticities of demand for credit: Evidence from a countrywide field experiment in Mexico. Working Paper 19106, National Bureau of Economic Research, Cambridge, MA.Crossref, Google Scholar
- (2014) Price and control elasticities of demand for savings. Working paper, Yale University, New Haven, CT.Google Scholar
- (2001) The power of suggestion: Inertia in 401(k) participation and savings behavior. Quart. J. Econom. 116(4):1149–1187.Crossref, Google Scholar
- National Commission on Consumer Finance (1972) Consumer credit in the United States. Report, Government Printing Office, Washington, DC.Google Scholar
- (1974) Some factors affecting awareness of annual percentage rates in consumer installment credit transactions. J. Finance 29(1):217–225.Crossref, Google Scholar
- (2010) Debt and deleveraging: The global credit bubble and its economic consequences. Report, McKinsey Global Institute.Google Scholar
- (2014) Are information disclosure mandates effective? Evidence from the credit card market. Working Paper 2014-18, Banco de México, Mexico.Google Scholar
- (1993) Reason-based choice. Cognition 49(1–2):11–36.Crossref, Google Scholar
- (2009) Exponential growth bias and household finance. J. Finance 64(6):2807–2849.Crossref, Google Scholar
- (2011) Fuzzy math, disclosure regulation, and market outcomes: Evidence from truth-in-lending reform. Rev. Financial Stud. 24(2):506–534.Crossref, Google Scholar

