Price Ceilings as Focal Points for Tacit Collusion: Evidence from Credit Cards

2001 ◽  
Author(s):  
Christopher R. Knittel ◽  
Victor Stango
Keyword(s):  
Credit Cards ◽  
Tacit Collusion ◽  
Focal Points

Price Ceilings as Focal Points for Tacit Collusion: Evidence from Credit Cards

2003 ◽  
Vol 93 (5) ◽  
pp. 1703-1729 ◽  
Author(s):  
Christopher R Knittel ◽  
Victor Stango
Keyword(s):  
Credit Card ◽  
Focal Point ◽  
Credit Cards ◽  
State Level ◽  
Tacit Collusion ◽  
Focal Points ◽  
National Integration ◽  
Credit Card Market ◽  
Using Data ◽  
Perverse Effect

We test whether a nonbinding price ceiling may serve as a focal point for tacit collusion, using data from the credit card market during the 1980’s. Our empirical model can distinguish instances when firms match a binding ceiling from instances when firms tacitly collude at a nonbinding ceiling. The results suggest that tacit collusion at nonbinding state-level ceilings was prevalent during the early 1980’s, but that national integration of the market reduced the sustainability of tacit collusion by the end of the decade. The results highlight a perverse effect of price regulation.

Keeping Credit Cards on File: FAQ

2012 ◽  
Vol 42 (4) ◽  
pp. 68
Author(s):  
JOSEPH S. EASTERN
Keyword(s):  
Credit Cards

Consumers‟ Acceptance of „Halal‟ Credit Card Services: An Empirical Analysis

2015 ◽  
Vol 3 (1) ◽  
pp. 51 ◽  
Author(s):  
Zaimy Johana Johan ◽  
Lennora Putit
Keyword(s):  
Perceived Control ◽  
Credit Card ◽  
Credit Cards ◽  
Product Knowledge ◽  
Key Factors ◽  
Developing Nation ◽  
Business Transactions ◽  
Factors Influencing ◽  
Financial Credit ◽  
Survey Questionnaires

Many past researches have been carried out in an attempt to continuously understand individuals‟ consumption behaviour. This study was conducted to investigate key factors influencing consumers‟ potential acceptance of halal (or permissible) financial credit card services. Specifically, it anticipated the influence of attitude, social influences and perceived control on consumers‟ behavioural intention to accept such services. In addition, factors such as religiosity and product knowledge were also postulated to affect consumers‟ attitude towards the act of using halal credit cards for any retail or business transactions. Using non-probability sampling approach, a total of 500 survey questionnaires was distributed to targeted respondents in a developing nation but only 220 usable feedbacks were received for subsequent data analysis. Regression results revealed that religiosity and product knowledge significantly influence consumers‟ attitude toward using halal credit card services.  Attitude in turn, subsequently has a significant impact on consumers‟ intention to accept halal financial credit card services. Several theoretical and managerial contributions were observed in this study.   

Empathy choice in physicians and non-physicians

2019 ◽  
Author(s):  
Daryl Cameron ◽  
Michael Inzlicht
Keyword(s):  
Medical Care ◽  
Potential Risk ◽  
Behavioral Assessment ◽  
Focal Points ◽  
Costs And Benefits ◽  
Patient Interactions ◽  
Trait Empathy ◽  
Physician Empathy ◽  
Physician Patient

Empathy in medical care has been one of the focal points in the debate over the bright and dark sides of empathy. Whereas physician empathy is sometimes considered necessary for better physician-patient interactions, and is often desired by patients, it also has been described as a potential risk for exhaustion among physicians who must cope with their professional demands of confronting acute and chronic suffering. The present study compared physicians against demographically matched non-physicians on a novel behavioral assessment of empathy, in which they choose between empathizing or remaining detached from suffering targets over a series of trials. Results revealed no statistical differences between physicians and non-physicians in their empathy avoidance, though physicians were descriptively more likely to choose empathy. Additionally, both groups were likely to perceive empathy as cognitively challenging, and perceived cognitive costs of empathy associated with empathy avoidance. Across groups, there were also no statistically significant differences in self-reported trait empathy measures and empathy-related motivations and beliefs. Overall, these results suggest that physicians and non-physicians were more similar than different in terms of their empathic choices and in their assessments of the costs and benefits of empathy for others.

Sign in / Sign up

Export Citation Format

Share Document