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Journal of Economic Structures

The Official Journal of the Pan-Pacific Association of Input-Output Studies (PAPAIOS)

Table 1 Contracts with detailed information on parameters

From: Effects of balance transfer offers on consumer short-term finance: evidence from credit card data

ID

Contract parameters

ID

Contract parameters

ID

Contract parameters

A1

(0, 3.99, 6, 75)

B1

(0, 2.99, 12, 60)

C1

(0, 2.99, 6, 0)

A2

(0, 4.99, 6, 60)

B2

(0, 2.99, 12, 75)

C2

(0, 3.99, 6, 0)

A3

(0, 4.99, 6, 75)

B3

(0, 3.99, 12, 60)

C3

(0, 4.99, 6, 0)

A4

(1.9, 4.99, 6, 60)

B4

(0, 3.99, 12, 75)

C4

(1.9, 4.99, 6, 0)

A5

(1.9, 4.99, 6, 75)

B5

(1.9, 4.99, 12, 60)

C5

(1.9, 5.99, 6, 0)

A6

(1.9, 5.99, 6, 60)

B6

(1.9, 4.99, 12, 75)

C6

(2.9, 5.99, 6, 0)

  1. This table reports the detail of 18 contracts examined in this paper. In parentheses of contracts, four parameters listed are PR, FFL, PD, and one-time maximized BT fee, where PR promotional rate, FFL fixed-for-life rate, and PD promotional duration. The fee indicates the maximized amount of fee for borrowing money
  2. Eighteen contracts are divided into the three groups as A, B, and C according to PD and fee. Group A is a baseline group. Groups B and C are more attractive offers to consumers than A because B has longer PD than A and C has zero in fee, so outperforming A, respectively. For example, A1 has PD is 6 (months) and B1 has PD is 12 (months). A1 has the maximum amount of fee is $75 and C1 has the maximum fee is $0
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