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...
| Main Authors: | , |
|---|---|
| Format: | Journal article |
| Jezik: | English |
| Izdano: |
American Economic Association
2012
|