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Author:Calem, Paul S. 

Working Paper
Search, switching costs, and the stickiness of credit card interest rates

Working Papers , Paper 92-24

Working Paper
Financing, commitment and entry deterrence

Working Papers , Paper 87-8

Working Paper
Consumer behavior and the stickiness of credit card interest rates

Working Papers , Paper 95-10

Journal Article
The new bank deposit markets: goodbye to Regulation Q

Business Review , Issue Nov/Dec , Pages 19-29

Working Paper
Competition and specialization in the hospital industry: an application of Hotelling's location model

Working Papers , Paper 94-27

Journal Article
Mortgage brokers and fair lending

Mortgage brokers play an important role in the housing finance market, but they also present unique challenges to regulators attempting to enforce fair lending laws. Should lenders be held responsible for the pricing decisions of brokers from whom they receive loan applications, or should fair lending laws instead be applied directly to the brokers themselves?
Economic Commentary , Issue May

Working Paper
MMDAs, super-NOWs, and the differentiation of bank deposit products

Working Papers , Paper 86-3

Working Paper
Deposit market segmentation: the case of MMDAs and Super-NOWs

Working Papers , Paper 87-1

Working Paper
Switching costs and adverse selection in the market for credit cards: new evidence

To explain persistence of credit card interest rates at relatively high levels, Calem and Mester (AER, 1995) argued that informational barriers create switching costs for high-balance customers. As evidence, using data from the 1989 Survey of Consumer Finances, they showed that these households were more likely to be rejected when applying for new credit. In this paper, they revisit the question using the 1998 and 2001 SCF. Further, they use new information on card interest rates to test for pricing effects consistent with information-based switching costs. The authors find that informational ...
Working Papers , Paper 05-16

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