The Choice at the Checkout: Quantifying Demand Across Payment Instruments
نویسندگان
چکیده
منابع مشابه
The Demand for Stored Value Payment Instruments
Due to their functionality, stored value purses based on smart card technology are prominent candidates for being the dominant medium of exchange for micropayments. However, the overall prospects of these payment systems are yet ambiguous, both from the perspective of practice and monetary theory, because their potential to substitute for cash is still largely unknown. As a contribution to the ...
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15 صفحه اولStandardizing Retail Payment Instruments
The business of payments and the provision of payment instruments have a rich history, which can be drawn upon in a discussion of standardization. In the middle-ages, for example, the mere existence of a wide variety of foreign and local coins led to a flourishing business of money exchange offices and cashiers in the Netherlands. Malpractices of some of these firms, mostly in the form of physi...
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Alternative payment instruments are studied in an economy with private information, delayed communication, and limited commitment. Attention is restricted to checks and bank drafts, which differ in resource cost and communication characteristics. Checks are less costly but settlement delays create a limited commitment constraint. We Þnd that drafts dominate at low wealths and checks at higher w...
متن کاملEffect of Consumer Characteristics on the Use of Payment Instruments
E ven though predictions about a cashless and checkless society have been made for many years, retail payment transactions made with electronic payment instruments still constitute only a small fraction of all payments made in the United States. 1 The rate of growth of electronic payments is estimated to exceed that of paper checks, but the number of checks written still increases each year, an...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2006
ISSN: 1556-5068
DOI: 10.2139/ssrn.910880