Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/261393
Authors: 
Gipp, Antonia
Year of Publication: 
2022
Series/Report no.: 
DIW Roundup: Politik im Fokus No. 140
Publisher: 
Deutsches Institut für Wirtschaftsforschung (DIW), Berlin
Abstract: 
Credit decisions play an important role for the economic wellbeing of households. However, the complexity of products and varying price information display makes it hard for consumers to navigate this field. Empirical evidence has important implications for consumer protection policies, as many people fail to make optimal choices for themselves and struggle to understand credit cost information. Presenting additional information on absolute fees can help consumers to make more informed choices. This article reviews the literature on the impact of price display on financial decisions. Research from marketing and other fields provides related evidence.
Document Type: 
Research Report

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