Vandoros, Sotiris (2013) My five pounds are not as good as yours, so I will spend them. Experimental Economics, 16 (4). pp. 546-559. ISSN 1386-4157
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Identification Number: 10.1007/s10683-013-9351-2
Abstract
An experimental approach is used to examine how money denomination and the choice between or availability of coins and banknotes may influence consumers' purchasing behaviour. Evidence shows that for small amounts of money, consumers may prefer a smaller monetary value in banknotes rather than a higher value in coins. Findings also suggest that people carrying coins are more likely to make a purchase of small value than people not carrying coins.
Item Type: | Article |
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Official URL: | http://link.springer.com/journal/10683 |
Additional Information: | © 2014 Economic Science Association |
Divisions: | LSE Health |
Subjects: | H Social Sciences > HC Economic History and Conditions H Social Sciences > HG Finance |
JEL classification: | C - Mathematical and Quantitative Methods > C9 - Design of Experiments > C93 - Field Experiments D - Microeconomics > D1 - Household Behavior and Family Economics > D14 - Personal Finance |
Date Deposited: | 05 Feb 2013 14:24 |
Last Modified: | 04 Dec 2024 22:45 |
URI: | http://eprints.lse.ac.uk/id/eprint/48266 |
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