The Impact of Price Display on Financial Decisions

Antonia Gipp

No 140, DIW Roundup: Politik im Fokus from DIW Berlin, German Institute for Economic Research

Abstract: Credit decisions play an important role for the economic wellbeing of households. However, the complexity of products and varying price information display makes it hard for consumers to navigate this field. Empirical evidence has important implications for consumer protection policies, as many people fail to make optimal choices for themselves and struggle to understand credit cost information. Presenting additional information on absolute fees can help consumers to make more informed choices. This article reviews the literature on the impact of price display on financial decisions. Research from marketing and other fields provides related evidence.

Pages: 8 p.
Date: 2022
New Economics Papers: this item is included in nep-ban and nep-dem
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