Library Header Image
LSE Research Online LSE Library Services

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

Full text not available from this repository.
Identification Number: 10.1007/s10683-013-9351-2


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:
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
Sets: Research centres and groups > LSE Health
Date Deposited: 05 Feb 2013 14:24
Last Modified: 20 Oct 2021 03:16

Actions (login required)

View Item View Item