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Abstract: The Move Toward a Cashless Society: Calculating the Costs and Benefits
Abstract
The Move Toward a Cashless Society: Calculating the Costs and Benefits
The Review of Network Economics
Vol. 5, Issue 2 - June 2006, pp 199 - 228
Author
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Daniel D. Garcia-Swartz
LECG
Robert W. Hahn American Enterprise Institute-Brookings Joint Center for Regulatory Studies
E-mail: [email protected]
Anne Layne-Farrar LECG
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Abstract
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While the "cashless society" has not yet fully become a reality, payment choices by consumers and merchants have been moving the U.S. economy in that direction slowly and steadily over the past five decades. In this study, a companion paper to Garcia-Swartz (2006a) in this volume, we lay out the detailed cost and benefit calculations behind our analysis of the steady changes in transaction payment methods.
Keywords: payment cards, credit, debit, cash, electronic payments
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