The Influence of Payment Method: Do Consumers Pay More with Mobile Payment? http://d.repec.org/n?u=RePEc:arx:papers:2210.14631&r=exp

"Compared to #cash #payment, mobile payments significantly increased the amount purchased and the average amount spent on each item. This effect was found to be particularly large for high price elasticity goods"
#consumers #spending
#ExperimentalEcon #BoundedRationality

Already with credit cards, you spend more than when #paying with #cash: ‘Buy Now, Pay Later’ May Push Cash-Strapped Holiday Shoppers Too Far

https://hbswk.hbs.edu/item/buy-now-pay-later-how-retails-hot-feature-hurts-lower-income-shoppers

"Lower-income consumers, those who may not use or have access to a credit card, not only spend more on retail but their total #spending increases, which makes them more likely to incur overdraft fees and drain their savings accounts"
#Consumer #BNPL
#CreditCard
#BoundedRationality

RT @PirateSecon@twitter.com

Policy failure!
#Vaccine #Spending #EU #Vaccination #COVID19

🐦🔗: https://twitter.com/PirateSecon/status/1358133344450596866