Consumer protection and contingent charges.

Contingent charges for financial services, such as fees for unauthorized overdrafts, are often controversial. We study the economics of contingent charges in a stylized setting with naive and sophisticated consumers. We contrast situations where the naive benefit from the presence of sophisticated c...

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Bibliographic Details
Main Authors: Armstrong, M, Vickers, J
Format: Journal article
Language:English
Published: American Economic Association 2012