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My five pounds are not as good as yours, so I will spend them

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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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
Official URL: http://link.springer.com/journal/10683
Additional Information: © 2014 Economic Science Association
Library of Congress subject classification: H Social Sciences > HC Economic History and Conditions
H Social Sciences > HG Finance
Journal of Economic Literature Classification System: C - Mathematical and Quantitative Methods > C9 - Design of Experiments > C93 - Field Experiments
D - Microeconomics > D1 - Household Behavior and Family Economics > D14 - Personal Finance
Sets: Research centres and groups > LSE Health
Rights: http://www.lse.ac.uk/library/usingTheLibrary/academicSupport/OA/depositYourResearch.aspx
Date Deposited: 05 Feb 2013 14:24
URL: http://eprints.lse.ac.uk/48266/

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