My money or yours: house money payment effects

Paper or Plastic ? Money and Credit as Means of Payment ∗

This paper studies the choice of payment instruments in a simple model where both money and credit can be used as means of payment. We endogenize the acceptability of credit by allowing retailers to invest in a costly record-keeping technology. Our framework captures the two-sided market interaction between consumers and retailers, leading to strategic complementarities that can generate multip...

Payment Cards and Money Demand in Belgium

Electronic Money: A viable payment system?

This paper explores some of the legal and practical issues related to the implementation of electronic money placed in smart cards as a viable online payment system. This is a subject of particular importance as many there are many hopes from the financial industry about the implementation of an electronic currency system will create a great method for small transactions, both online and offline.

House Money Effects in Public Good Experiments: Comment

We reconsider evidence from experiments that claim to show that using “house money” in standard public goods experiments has no effect on behavior. We show that it does have an effect when one examines the data using appropriate statistical methods that consider individual-level responses and account for the error structure of the panel data.

Towards Multiple-Payment Schemes for Digital Money

Recently, many payment schemes for digital money have been proposed. In most of these schemes money can be spent only once and must then immediately be returned to the bank. The purpose of this paper is to show the advantages of a scheme which allows the recipient of the money to use it directly for further purchases. We discuss why most existing schemes do not support such a payment scheme and...