Blar i Arbeidsnotater / Working Papers på forfatter "Almenberg, Johan"
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Mental Accounting in the Housing Market
Almenberg, Johan; Karapetyan, Artashes (Working Papers;20/2010, Working paper, 2010)We report evidence that salience may have economically significant effects on homeowners' borrowing behavior, through a bias in favour of less salient but more costly loans. We outline a simple model in which some consumers ... -
The Hidden Costs of Hidden Debt
Almenberg, Johan; Karapetyan, Artashes (Working Papers;22/2011, Working paper, 2011)We report evidence that salience may have economically significant effects on homeowners’ borrowing behavior, through a bias in favour of less salient but more costly loans. Survey evidence corroborates the existence of ...