In recent years, the concept of mental accounting has been widely used in the literature to
investigate its influence on decision-making processes related to savings, investment, debt …

Purpose With the development of financial technology (FinTech), this paper aims to
investigate the association between mobile payment use and payment satisfaction using …

Does mental accounting matter for total consumption expenditures? We exploit a unique
setting in which individuals exogenously receive a new payment card, without requesting …

Food gives consumers a nourishing and hedonic experience; however, paying for food and
groceries creates a negative emotion that decreases consumers' buying experience. This …

Consumers often experience pain of payment, a tug of negative affect that holds back their
spending. While the literature has long viewed pain of payment as self‐regulatory in nature …

Can digital repayment reminders reduce costly credit card delinquency? This paper
analyzes data from a 2016 randomized controlled field trial of a reminder sent to 30-days …

Why do individuals pay debt interest when they could use their savings to pay down the
debt? We explore why individuals “cohold” debt and savings using detailed and highly …

This article tests the effect of a novel credit card payment format—repayment-by-purchase—
on consumers' payments toward credit card debt. In contrast to typical balance repayment …

We use aggregated information from individual‐to‐firm and firm‐to‐firm transactions from
the Garanti BBVA Bank to simulate domestic private demand and estimate aggregate …

This paper investigates the puzzling behavior of" co-holding," in which individuals
simultaneously maintain low-yield liquid assets and high-interest revolving debt. Using data …