This paper studies firms’ demand for money by developing a differential-cash-constraint framework with firms’ entire wage bills requiring cash in advance and a fraction of investment purchases being financed by credits. In addition to conventional scale and opportunity-cost factors, firms’ financial status and profitability are crucial determinants for their money demand behavior. Employing a n...

Mobile Money is growing in the developed world while cars are becoming much smarter. Combine the two and you get cars that ‘own’ a wallet. We propose not a user-centric, but a car-centric service that enables cars to have Pre-Pay subscription accounts for car-related purchases and for linking to financial services. The solution uses advanced car communications capability and securely stored car...

This study aims to explore the impact of dynamic realism in poster advertisements on consumer purchasing behavior. A total 200 participants were divided into two groups and exposed distinct sets Brand A's posters, one incorporating other devoid it. Participants subsequently asked evaluate attractiveness their emotional response towards product, likelihood The data collected was analyzed using a...

Humanity experienced one of the worst crises in recent history due to COVID-19 pandemic. The spread disease and lockdown announced by government India created an emergency, disrupting supply essential commodities creating panic anxiety among people. This paper aims at capturing behavior consumers purchasing before during using online questionnaire. Responses from 730 households covering 20 stat...

In the textbook conception of economics, consumers use prices to determine the bundle of purchases that maximize their utility subject to the constraint that the total value of these purchases cannot exceed their income. In this paper, I consider the implications of letting consumers have somewhat different reactions to prices. First, I allow consumers to be unsophisticated when they use price ...

OBJECTIVES To describe alternative policies aimed at encouraging price competition in generic drug markets in countries with strict price regulation, and to present some case studies drawn from the European experience. METHODS Systematic literature review of articles and technical reports published after 1999. RESULTS The shortcomings in consumer price competition observed in some European ...

This paper explores how lowering consumer search costs based on labeling formats affects the probability of choosing healthy foods. We propose a theoretical model of the links between information costs and consumer choices of healthy foods and empirically test the ensuing propositions with scanner data from ready-to-eat breakfast cereals (RTEC). Based on a natural experiment with changes in lab...

It is well known that risk is a significant factor affecting ecommerce purchases among consumers. Consumers perceive a variety of often novel risks in such transactions. This empirical study evaluates the effect of prior experience (e.g., effects of the number of online purchases, average amount of online purchases, types of purchased products, daily average number of hours spent on the Interne...