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| Home > Research literature > Working papers > The hidden costs of hidden debt |
| Imprint: | Universitat Autònoma de Barcelona. Departament d'Economia de l'Empresa 2012 |
| Description: | 41 p. |
| Abstract: | We report evidence that salience may have economically signi. cant e¤ects on homeowners. borrowing behavior, through a bias in favour of less salient but more costly loans. Survey evidence corroborates the existence of such a bias. We outline a simple model in which some consumers are biased and show that under plausible assumptions this affects prices in equilibrium. Market data support the predictions of the model. |
| Rights: | L'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons:  |
| Language: | Anglès |
| Series: | Departament d'Economia de l'Empresa. Documents de treball |
| Series: | Document de treball (Universitat Autònoma de Barcelona. Departament d'Economia de l'Empresa) ; 12/6 |
| Document: | Working paper |
| Subject: | Habitatge ; Compra |
